Bearish Moving Average Cross by Air Products & Chemicals (APD)
Air Products & Chemicals (NYSE:APD) shares have crossed bearishly below their 10-day moving average of $147.99 on a volume of 424K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Air Products & Chemicals share prices have been bracketed by a low of $114.64 and a high of $157.84 and are now at $140.64, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is monitoring the recent change of momentum in Air Products & Chemicals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Air Products & Chemicals in search of a potential trend change.
Keywords: moving crosses air products & chemicals