Air Products and Chemicals: #PowerStocks Series Pick Of The Week (October 2024)

Have you gotten your Labubu doll? Ever since Blackpink's Lisa was seen carrying a Labubu doll with her, a craze for Labubu dolls erupted. This craze reminded me of McDonald's giving out Hello Kitty dolls with a meal purchased. Snaking queues formed outside McDonald's from dawn, and scuffles sporadically broke out. Did you know that there's another craze in town? It's the stock market frenzy. As the US stock market continues defying gravity by forming new all-time highs, I've heard much more chatter regarding the stock market in the supermarket, eateries, elevator, and even in the restroom! How did last week's #PowerStocks, Fortinet (FTNT), perform? Let's review it before analyzing this week's stock pick.

Review Of Last Week's Pick Of The Week

Fortinet (FTNT) was our #PowerStocks pick last week. The company provides cybersecurity solutions to small and medium businesses, and government organizations. Having risen by more than 11%, we anticipated a pullback. Within a few days, its share price had returned to its support area around $80 and bounced. Did you buy the shares of Fortinet for an explosive swing trade? If you did, where's your take profit at? I've shared my take profit area in my Telegram Channel for your convenience.

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Why Is Swing Trading Air Products and Chemicals (APD) Worth It?

Source: airproducts.com

Air Products and Chemicals is in the Materials sector.

The company manufactures and distributes atmospheric gases to support the aerospace, manufacturing, chemicals, food, and medical industries. Air Products and Chemicals' shares have risen nearly 25%, 4.3x more than the S&P 500 in the last 3 months. After exploding by more than 16% in just 2 weeks, a pullback is near. And I see an explosive swing trading opportunity emerging soon. So, what's the game plan? Continue reading to get the details. P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!

Performance Of US Stock Market vs Air Products and Chemicals (APD)

When considering a stock to buy for an explosive swing trade, you'll want to start by identifying its price trend. Referring to the chart above, can you tell that the share price of Air Products and Chemicals is in a steady uptrend? To lower your risk while making your money work hard for you, you'll want to buy stocks in an uptrend. From the chart above, can you also tell that the share performance of Air Products and Chemicals has been much stronger than the S&P 500 since early Aug 2024? While the S&P 500 had risen by 5.7%, the share price of Air Products and Chemicals had risen by 24.5% in the last 3 months! Yes, you're seeing it right. Air Products and Chemicals' shares have brought a return 4.3x larger than the S&P 500! Being stronger than the S&P 500, let's further analyze its shares.

How Explosive Is Air Products and Chemicals (APD)?

Do the shares of Air Products and Chemicals habitually explode upwards in price? Let's find out. In the last 11 months, the share price of Air Products and Chemicals has exploded 10 times! For a company with a huge market capitalization of more than $73b, the upmoves between 4.6% and 18.2% is highly impressive. Trading the shares of companies with a large market capitalization is safer as it reduces your risk of market manipulation. Knowing that the shares of Air Products and Chemicals consistently explode in price, is it time to buy them for an explosive swing trade?

Key Price Levels

Let's uncover its key price levels to determine whether the time to buy its shares for an explosive swing trade is here. These key price levels act as support and resistance, giving you a clue to the turning points of its share price. I've identified 2 key support areas you'll want to watch - $315 and $302. After a 16.2% run-up, there's a high chance of its share price pulling back to around $315 (and even slightly lower) soon before rising. Yes, I'll watch that price area for a bounce and buying opportunity. You are welcome to join me! Here's a pro tip: Instead of staring at your screen, you may want to set a price alert on your broker's platform to be notified so that you can spend precious time with your loved ones. Finally, this is for educational purposes. Please perform your due diligence. All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.

Claim Your Free (Limited Time) Stock Course Right Now:

The stock market is full of traps laid out by professional traders. Many new traders are often left confused by conflicting signs and signals. Worse still, ~80% of traders lose money. This is because trading isn't just about skill alone. It includes the mastery of your emotions. But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!