Air Products Shares Face Sustained Downturn as Key Support Levels Tested

Air Products shares continue their downward trajectory, marking a fifth consecutive day of losses with an additional 1.4% decline in the latest trading session. The stock has now shed more than 20% of its value since August, bringing it dangerously close to its 12-month low of $235.97.

From a technical perspective, the equity’s position appears increasingly precarious. The stock currently trades well below its key moving averages, with the 50-day average standing at $272.58 and the 200-day average at $278.63. This significant gap below both benchmarks confirms the established bearish trend that began after the August 22 peak—a concerning signal for market participants.

Institutional Investors Adjust Positions

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