Take a look at the 1-year chart of Air Products (NYSE: APD) below with added notations:
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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