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Bearish Moving Average Cross by Air Products & Chemicals (APD)

By David Diaz

Today, shares of Air Products & Chemicals (NYSE:APD) have fallen below their 10-day MA of $147.34 on a volume of 219K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Air Products & Chemicals share prices have moved between a 52-week high of $153.58 and a 52-week low of $114.64 and are now trading 28% above that low price at $146.94 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Air Products & Chemicals on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $124.05. Since that recommendation, shares of Air Products & Chemicals have risen 18.9%. We continue to monitor APD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses air products & chemicals

Ticker(s): APD