This lithium stock is set for a sharp move higher after clearing a key level, charts show

Chemical giant Albemarle (ALB) has shown renewed strength in August, with a recent push above the 200-day moving average signaling a strong case for further upside. Today we'll review why this recent breakout means a likely new bullish phase for this large cap lithium name and identify some key factors that would help us validate the bullish case. The daily chart of ALB shows an initial push above the 200-day moving average in July, although that breakout failed to sustain its gains above this long-term trend barometer. After a bounce off the 50-day moving average, Albemarle once again popped above the 200-day before stalling out at the July swing high. Over the next three weeks, ALB has pulled back to moving average support and then returned back to the recent swing high. While there was