AIR PRODUCTS & CHEMICALS
(APD-NYSE):
Technical Viewpoint: From a low
of $46.10 on Apr 23, 2002 prices
rallied, reaching a
high of $52.58
on May 15, 2002. A
decline saw prices pull back, reaching a
low of
$45.59 on Jun 14, 2002.
Another rally saw prices penetrate
resistance, closing 7/5/02
at $51.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.00. Resistance: Is at $52.52.
Point & Figure: Reversed to the upside on Jul 5, 2002. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! AIR PRODUCTS & CHEMICALS
(APD-NYSE) @ $51.38 Stop: Use a protective stop of $48.88.
AIR PRODUCTS & CHEMICALS is currently trading @ $51.35 plus $2.47 on Jul 5, 2002. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $17.63. Today's Risk Reward Ratio: 7:1
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