A short while after I published a story about Lithium Americas Corp. (LAC) a subscriber emailed me about Livent Corp. (LTHM) . I looked online and found that Livent produces and distributes lithium compounds. The company offers lithium products for applications in batteries, agrochemicals, aerospace alloys, greases, pharmaceuticals, polymers, and various industrial applications.
Let's check out the charts.
In the daily bar chart of LTHM, below, we can see that the shares broke out on the upside in August after several months of sideways price action. LTHM is trading above the rising 50-day and 200-day moving average lines.
The On-Balance-Volume (OBV) line shows a rise the past year and moved higher even when LTHM traded sideways. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but crossed to the downside for a take profits, sell signal.