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

By David Diaz

Air Products & Chemicals (NYSE:APD) shares have crossed bearishly below their 10-day moving average of $156.25 on a volume of 131K 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.

Over the past year, Air Products & Chemicals has traded in a range of $114.64 to $157.84 and is now at $156.13, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Air Products & Chemicals on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.61. Since that recommendation, shares of Air Products & Chemicals have risen 7.4%. 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