AIR PRODUCTS & CHEMICALS
(APD-NYSE):
Technical Viewpoint: From a low
of $44.60 on Dec 14, 2001 prices
rallied, reaching a
high of $48.73
on Jan 3, 2002. A
decline saw prices pull back, reaching a
low of
$43.30 on Jan 17, 2002.
Another rally saw prices penetrate
resistance, closing 2/11/02
at $47.89. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.50. Resistance: Is at $48.50.
Point & Figure: Reversed to the upside on Jan 25, 2002. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! AIR PRODUCTS & CHEMICALS
(APD-NYSE) @ $48.13 Stop: Use a protective stop of $45.63.
AIR PRODUCTS & CHEMICALS is currently trading @ $47.89 plus $1.03 on Feb 11, 2002. Price Objective:
$59.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
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