Lithium stock price reached $18

Lithium stock price reached $18.90 after two consecutive bullish sessions. Technical indicators point to overbought territory, with traders watching for potential pullback before the next leg higher. Lithium Americas has quietly edged higher, with a 1.4% share price return over the last month adding to modest gains for the year. Looking at the bigger picture, the 1.8% total shareholder return for the past twelve months hints at some positive momentum building as the market’s sentiment around lithium stocks evolves. LAR has been the subject of several research reports. Cormark upgraded shares of Lithium Americas (Argentina) to a "moderate buy" rating in a research report on Wednesday, August 20th. National Bank Financial raised shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Finally, Scotiabank downgraded Lithium Americas (Argentina) from an "outperform" rating to a "hold" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy". Lithium stock price is steady at $18.05 after yesterday’s surge on news of a major EV manufacturer signing a long-term supply contract. Bullish RSI readings signal a continuing upward trend if demand projections hold.