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

By David Diaz

Today, shares of Air Products & Chemicals (NYSE:APD) have advanced above their 10-day MA of $154.90 on a volume of 245K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Air Products & Chemicals share prices have moved between a 52-week high of $157.51 and a 52-week low of $114.64 and are now trading 36% above that low price at $155.77 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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 5.2%. 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