Shares of Air Products & Chemicals (APD) are Setting Up for a STRONG MOVE

NYSE: APD | Air Products and Chemicals, Inc.  News, Ratings, and Charts

APD – Air Products & Chemicals (APD) is trading in an ascending triangle pattern. Learn when to hit the Buy button.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

An ascending triangle pattern has formed on the chart of Air Products & Chemicals (APD).

APD is one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is also the largest supplier of hydrogen and helium in the world. Growth in the company for the remainder of the year will be driven by investments in high-return projects, acquisitions, cost-cutting actions, and new business deals.

Take a look at the 1-year chart of APD below with added notations:

 

Chart of APD provided by TradingView

Over the past two months, APD has hit the $300 resistance (red) on two separate occasions, while also climbing a trend line of support (green). Together, these two lines have formed an ascending triangle on APD. Eventually, the stock will break either the $300 resistance or the trendline support.

A trader could buy APD if it exceeds $300 with the expectation of a breakout or short sell the stock if it falls below the trendline, with the expectation of a breakdown.

Want to Discover More Great Trades?

I have explored virtually every flavor of technical analysis and chart pattern known to mankind. The sad fact is that the vast majority of them don’t work at all.

That is why I recently put together this special report to help investors focus on the only 5 chart patterns that matter…the ones that lead to the most timely and profitable stock trades. Click below to get your copy now!

5 WINNING Stock Chart Patterns

Have a good trading day!

Good luck!

Christian Tharp, CMT

@cmtstockcoach


APD shares were trading at $293.33 per share on Tuesday morning, up $1.07 (+0.37%). Year-to-date, APD has gained 26.35%, versus a 10.02% rise in the benchmark S&P 500 index during the same period.


About the Author: Christian Tharp, CMT


Christian is an expert stock market coach at the Adam Mesh Trading Group who has mentored more than 4,000 traders and investors. He is a professional technical analyst that is a certified Chartered Market Technician (CMT), which is a designation awarded by the CMT Association. Christian is also the author of the daily online newsletter Todays Big Stock. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
APDGet RatingGet RatingGet Rating

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Most Popular Stories on StockNews.com


:  |  News, Ratings, and Charts

Dangerous Outlook for Stocks Into Election

Stocks (SPY) tried to make new highs a week ago and come up short of the mark. Since then the pressure has been to the downside. Why did this happen? And why is this likely to continue into the election? Let’s discuss...

:  |  News, Ratings, and Charts

2 Winners and 2 Losers from the Ant Group IPO

Ant Group is set to be the biggest IPO in history as it looks to raise $35 billion at a $250 billion valuation. Currently, it has 1.3 billion users and generated $10.1 billion in revenue during the first six months of the year. Investors who want to take advantage should consider investing in Alibaba (BABA) as it owns a significant piece of Ant Group.

:  |  News, Ratings, and Charts

3 Top Stocks That Will Outperform Whether Trump is Reelected or Not

The market (SPY) appears to be on a track of continued volatility, until at least after the election. That could mean uncertainty for your portfolio, unless you invest in stocks that would benefit from either candidate. David lays out the reasons to consider: Lockheed Martin (LMT), United Rentals (URI), and Abbott Laboratories (ABT).

:  |  News, Ratings, and Charts

A Second Wave of The Virus Is Bullish for These 2 Stocks

As the rate of coronavirus cases spike, it could be good news for companies such as Zoom (ZM) and Limelight (LLNW). Learn why Andrew is bullish on these two companies.

:  |  News, Ratings, and Charts

3 Top Stocks That Will Outperform Whether Trump is Reelected or Not

The market (SPY) appears to be on a track of continued volatility, until at least after the election. That could mean uncertainty for your portfolio, unless you invest in stocks that would benefit from either candidate. David lays out the reasons to consider: Lockheed Martin (LMT), United Rentals (URI), and Abbott Laboratories (ABT).

Read More Stories

More Air Products and Chemicals, Inc. (APD) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All APD News