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Air Prods & Chem Bearish Moving Average Crossover Alert (APD)

By David Diaz

Air Prods & Chem (NYSE:APD) crossed under its 10-day moving average of $203.85 on a volume of 139K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Air Prods & Chem share prices have moved between a 52-week high of $209.86 and a 52-week low of $148.44 and are now trading 36% above that low price at $202.10 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Air Prods & Chem on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $161.04. Since that recommendation, shares of Air Prods & Chem have risen 27.9%. We continue to monitor APD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses air prods & chem

Ticker(s): APD