If history is any guide, there may be good fortune ahead for shares of Albemarle (NYSE:ALB). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Reliance Steel & Aluminum Co. (NYSE: RS) is benefiting from strong demand across key end-use markets, a diversified product base and strategic acquisitions amid headwinds from higher costs.
A whale with a lot of money to spend has taken a noticeably bearish stance on Albemarle.
Looking at options history for Albemarle (NYSE:ALB) we detected 10 strange trades.
Albemarle (NYSE:ALB) has outperformed the market over the past 10 years by 3.09% on an annualized basis producing an average annual return of 14.38%. Currently, Albemarle has a market capitalization of $25.99 billion.
Someone with a lot of money to spend has taken a bullish stance on Albemarle (NYSE:ALB).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.