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SmarTrend Watching for Potential Pullback in Shares of Air Prods & Chem After 1.90% Gain

By Amy Schwartz

Air Prods & Chem (NYSE:APD) traded in a range yesterday that spanned from a low of $208.20 to a high of $208.91. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $207.36 on volume of 339,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Air Prods & Chem share prices have been bracketed by a low of $148.44 and a high of $209.86 and are now at $208.77, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

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