Archer Daniels Midland Company (ADM), Chevron Corporation (CVX), Air Products & Chemicals, Inc. (APD): A Trio of Commodity Stocks To Buy On The Dip

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Air Products & Chemicals, Inc. (NYSE:APD)

Consider Air Products & Chemicals, Inc. (NYSE:APD)’s one-year daily performance chart below.

APD

This stock has come down quite sharply over the past week, but it appears to be nearing its 50-day moving average, which has historically served as a viable support level. Air Products & Chemicals, Inc. (NYSE:APD) remains in a strong uptrend and therefore any dips should be used as buying opportunities; remember to utilize a tight stop loss at $100 a share or below in case profit taking pressures intensify and Air Products & Chemicals, Inc. (NYSE:APD) proceeds to retest the $95 support level.

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Disclosure: No positions at time of writing

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