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Monday, September 18, 2017 9:52:08 AM
Lithium Producers SQM and ALB Powering Higher
By: Bespoke | September 18, 2017
Last week we noted that Tesla (TSLA) had become the largest automaker in the US (if you want to call it an automaker). As shown below using our free Interactive Chart Tool, TSLA has recently broken out of a near-term flag formation, and it’s now approaching all-time highs once again.
Today we want to look at two companies that are essential to building a battery-powered car. They’re miners and producers of lithium — SQM and ALB. SQM is a Chilean materials company that produces lithium (among many other things). As shown in the one-year chart of SQM below, the stock has basically gone parabolic over the last two and a half months.
Albemarle (ALB) hasn’t had quite the run that SQM has, but its action has been impressive nonetheless. Following its last earnings report on August 7th, ALB fell from $123 to $108 in the span of a week. As shown in the chart below, the stock has already recovered all of its post-earnings losses and then some.
Below is a look at the year-to-date change of TSLA compared to both SQM and ALB. While ALB is underperforming TSLA in 2017, SQM is beating TSLA by more than 30 percentage points. This is quite a remarkable story.
https://www.bespokepremium.com/think-big-blog/83203/
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*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
By: Bespoke | September 18, 2017
Last week we noted that Tesla (TSLA) had become the largest automaker in the US (if you want to call it an automaker). As shown below using our free Interactive Chart Tool, TSLA has recently broken out of a near-term flag formation, and it’s now approaching all-time highs once again.
Today we want to look at two companies that are essential to building a battery-powered car. They’re miners and producers of lithium — SQM and ALB. SQM is a Chilean materials company that produces lithium (among many other things). As shown in the one-year chart of SQM below, the stock has basically gone parabolic over the last two and a half months.
Albemarle (ALB) hasn’t had quite the run that SQM has, but its action has been impressive nonetheless. Following its last earnings report on August 7th, ALB fell from $123 to $108 in the span of a week. As shown in the chart below, the stock has already recovered all of its post-earnings losses and then some.
Below is a look at the year-to-date change of TSLA compared to both SQM and ALB. While ALB is underperforming TSLA in 2017, SQM is beating TSLA by more than 30 percentage points. This is quite a remarkable story.
https://www.bespokepremium.com/think-big-blog/83203/
• DiscoverGold
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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