Albemarle are down by 7.50% after comments from Treasury Secretary Bessent on the US dollar speaking to CNBC he said :

“The U.S. always has a strong-dollar policy and isn’t intervening in currency markets”

This follows on from comments by President Trump yesterday, that he wasn’t concerned about the weakness in the US currency .

Bessent’s comments caused the dollar to strengthen and commodity prices, and commodity related stocks of which Albemarle is one , to weaken.

A close above the days low of $179.30 is the minimum needed for confidence in the stock to be maintained . However, if you are long from early January, then there is nothing wrong with taking some money off of the table now.