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Air Prods & Chem Falls 1.59% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Air Prods & Chem (NYSE:APD) traded in a range yesterday that spanned from a low of $165.28 to a high of $168.49. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $166.58 on volume of 426,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Air Prods & Chem. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Air Prods & Chem in search of a potential trend change.

Over the past year, Air Prods & Chem has traded in a range of $140.78 to $175.17 and is now at $165.65, 18% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders air prods & chem

Ticker(s): APD