Chemicals Leader Forming High Tight Bull Flag After Strong Earnings
Air Products (APD) shares are coiled in a post earnings flag near 275 as the stock has spent the past month consolidating the gap up more that hit 295 on highs and now a break above 280 likely would target a retest of those 295 highs with the 300 round number a larger objective and the late 2023 highs being near 308. APD still has 500 December $290 calls in OI from buyers on 6/3 and a chemicals name that could see rotation flows into year end continue.