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

By Amy Schwartz

Today, shares of Air Products & Chemicals (NYSE:APD) have crossed bearishly below their 10-day moving average of $137.12 on a volume of 103K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Air Products & Chemicals have traded between a low of $114.64 and a high of $157.84 and are now at $137.01, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.68% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Air Products & Chemicals and will alert subscribers who have APD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses air products & chemicals

Ticker(s): APD