Trade Alert – Equity Model Only
We have successfully traded Albemarle (ALB) over the last couple of years, initially buying shares at $158.54 and selling the last at $215.70. After the recent correction, we are again entering a starter position in the company. We hope to get some initial weakness back to recent support to add to our holdings.
Given the long-term demands for lithium in the future, the recent correction in the stock price gave us a compelling entry point with a fairly tight stop loss at recent lows.
Equity Model Only
- Initiate a 1% position of the portfolio into Albermarle (ALB)
Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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