Watch for Air Products & Chemicals to Potentially Pullback After Gaining 1.26% Yesterday
Air Products & Chemicals (NYSE:APD) traded in a range yesterday that spanned from a low of $143.87 to a high of $145.88. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $144.16 on volume of 321,000 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 tracking the current trend status for Air Products & Chemicals and will alert subscribers who have APD in their portfolio or watchlist when shares have changed trend direction.
Over the past year, Air Products & Chemicals has traded in a range of $114.64 to $152.16 and is now at $145.23, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.
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