Air Products and Chemicals to display new nitrogen pumpers
On February 24, 2017, Air Products and Chemicals (APD) announced that it would highlight its new mobile nitrogen pumpers at the Pipeline Pigging & Integrity Management Conference in Houston between February 27 and March 2. These products have seen increasing demands in refinery, petrochemical, and pipeline operations.
The new pumpers comply with pending air regulations and help the industry to adapt to the new regulations quickly. They are technologically advanced and provide safety and reliability. The new pumpers are also environmentally friendly and include climate-controlled cabins to help reduce operator fatigue along with a configuration that reduces operator exposure to noise and weather conditions.
APD’s stock price for the week
For the week ended February 24, 2017, Air Products and Chemicals closed at $140.86 and lost 0.5% for the week. APD’s stock price traded 0.1% below the 100-day moving average price of $141.03, indicating a reversal in the trend from the previous week when it was trading above the 100-day moving average price. On a year-to-date basis, APD lost 2.1%. APD with a 14-day relative strength index (or RSI) of 45 indicates that the stock is neither overbought nor oversold. An RSI of 70 indicates that the stock is overbought and a score of 30 suggests that the stock is oversold. APD’s 52-week low is $122.03, and its 52-week high is $150.45.
Air Products and Chemicals outperformed the Guggenheim S&P 500 Equal Weight Materials ETF (RTM), which lost 0.6% for the week ended February 24, 2017. RTM has invested 3.7% of its portfolio in APD. Some top holdings of the fund include CF Industries (CF), Sherwin-Williams (SHW), and Newmont Mining (NEM), which have weights of 4.5%, 4.4%, and 4.3%, respectively.