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Shares of Air Products & Chemicals Rise to a New 52-Week High

By Shiri Gupta

Shares of Air Products & Chemicals (NYSE:APD) traded today at $120.99, breaking its 52-week high. Approximately 207,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Air Products and Chemicals, Inc. produces industrial gas and related industrial process equipment. The Company also produces and markets polymer chemicals, performance chemicals, and chemical intermediates. Air Products recovers and distributes oxygen, nitrogen, argon, hydrogen, carbon monoxide, carbon dioxide, synthesis gas, and helium, as well as medical and specialty gases.

Over the past year, Air Products & Chemicals has traded in a range of $84.04 to $120.99 and is now at $120.97, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Air Products & Chemicals (NYSE:APD) is currently priced 6.5% above its average consensus analyst price target of $113.13. Air Products & Chemicals shares have support at the 50-day moving average (MA) of $111.28 and additional support at the 200-day MA of $105.05.

SmarTrend recommended that subscribers consider buying shares of Air Products & Chemicals on February 10th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.80. Since that recommendation, shares of Air Products & Chemicals have risen 8.7%. We continue to monitor APD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows air products & chemicals

Ticker(s): APD