Air Products and Chemicals (APD) NewsBite - APD Upgraded By Jefferies & Co.

Tuesday, October 14, 2008 2:05 PM EDT

Air Products and Chemicals (APD) was upgraded today by analysts at Jefferies & Co. and the stock is now at $63.82, up $0.76 (1.21%) on volume of 3,008,988 shares traded. The brokerage upped the stock to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $51.28 to a high of $106.06. Air Products and Chemicals stock has been showing support around $53.97 and resistance in the $67.77 range. Technical indicators for the stock are bullish and S&P gives APD a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on APD the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

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