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

By Amy Schwartz

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.

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.

Over the past year, Air Prods & Chem has traded in a range of $143.79 to $175.17 and is now at $158.04, 10% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.16% lower over the past week, respectively.

Keywords: rebounders air prods & chem

Ticker(s): APD