LTHM | Oversold EV Battery Play | LONGLivent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in non-rechargeable batteries and the production of lightweight materials for aerospace applications. It also provides lithium phosphate, pharmaceutical-grade lithium carbonate, high purity lithium chloride, and specialty organics; and lithium carbonate and lithium chloride for use as feedstock in the process of producing performance lithium compounds. The company was incorporated in 2018 and is headquartered in Philadelphia, Pennsylvania.
Livent
LTHM Falling Wedge Breakout to $30!Hey Traders,'
As you can see on the 1D chart of LTHM, we have experienced lower lows and higher lows, symptoms of a falling wedge. The target out of this falling wedge would be $30-31. However, I would keep a close eye on the golden pocket level and potentially start taking profits at $28. The weekly MACD is also showing signs of reversal to the green area. We additionally have a Bullish Divergence to top this off, the price is descending while the momentum oscillator (RSI) is ascending! In the very rare case we breakdown the target would be $13-15.
Safe trading,
-Pulkanator
LIVENT CORPORATION - LITHIUM Livent Corporation (NYSE:LTHM)
No of HFs: 20
Total Value of HF Holdings: $214 Million
The lithium chemicals produced and manufactured by Livent Corporation are used for applications in batteries, agrochemicals, aerospace alloys, and other industrial applications. The Global CSR Rating Agency, EcoVadia, awarded LTHM the 2020 Gold Status for sustainability performance. During the fourth quarter of 2020, the company reported a revenue of $82.2 million and a GAAP net loss of $5 million, or 3 cents per diluted share.
At the end of the fourth quarter, there were 20 hedge funds in Insider Monkey’s database that held stakes in Livent Corporation. Robert Karr’s Joho Capital boosted its stake in LTHM by 28%, with $70 million invested in the stock at the end of December.
