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Air Prods & Chem (APD) Breaks Through Resistance at $193.81

By Nick Russo

Air Prods & Chem (NYSE:APD) has opened bullishly above the pivot of $193.23 today and has reached the first level of resistance at $193.81. Analysts will be watching for a cross of the next upside pivot targets of $194.19 and $195.15.

Over the past year, Air Prods & Chem has traded in a range of $148.44 to $195.36 and is now at $193.44, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.6%.

Air Prods & Chem (NYSE:APD) is currently priced 3.7% above its average consensus analyst price target of $186.22. The stock should discover initial support at its 50-day moving average (MA) of $181.92 and subsequent support at its 200-day MA of $165.67.

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

Keywords: pivot alerts air prods & chem

Ticker(s): APD