Saturday, November 15, 2014

Air Products & Chemicals, Inc. (NYSE: APD)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates through four segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy.
Take a look at the 1-year chart of Air Products (NYSE: APD) below with added notations:
1-year chart of Air Products (NYSE: APD)
APD rallied from February into July before finally stalling at $136. The stock reached that $136 mark again in September only to sell back off. APD is now testing the $136 level once more (blue) and may be looking to finally break through. A close above that resistance would also constitute a new 52-week high.

The Tale of the Tape: APD has a 52-week resistance at $136. The possible long position for APD would be on a breakout above $136.
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