Watch for Air Products & Chemicals to Potentially Pullback After Gaining 1.16% Yesterday
Air Products & Chemicals (NYSE:APD) traded in a range yesterday that spanned from a low of $133.46 to a high of $134.03. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $133.27 on volume of 314,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is monitoring the recent change of momentum in Air Products & Chemicals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Air Products & Chemicals in search of a potential trend change.
In the past 52 weeks, shares of Air Products & Chemicals have traded between a low of $114.64 and a high of $157.84 and are now at $133.96, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
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