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Look for Shares of Air Prods & Chem to Potentially Rebound after Yesterday's 1.35% Sell Off

By James Quinn

Air Prods & Chem (NYSE:APD) traded in a range yesterday that spanned from a low of $157.70 to a high of $159.94. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $160.10 on volume of 361,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Air Prods & Chem share prices have been bracketed by a low of $143.79 and a high of $175.17 and are now at $158.04, 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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: rebounders air prods & chem

Ticker(s): APD