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Livent Corporation (LTHM) 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 the production of lightweight materials for aerospace applications and non-rechargeable batteries.
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.
On August 2nd, LTHM reported 2nd Quarter June 2022 earnings of $0.37 per share on revenue of $218.7 million. The consensus earnings estimate was $0.30 per share on revenue of $209.3 million. Revenue grew 114.0% on a year-over-year basis.
Since the last earnings report, shares have moved higher in a well defined "trading channel." The lower boundary of the channel coincides with its 20-day moving average as shown. Higher share prices are expected.
Entry Point: $31.00
Stop Loss: $29.00
Trading Range: $19.35 to $34.61
Target Price: $34.10
