Airgas Bulls in Charge

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Airgas Bulls in Charge

Published on Thursday, 12 January 2012 11:34 Written by TradersHuddle Staff

arg New York, January 12th (TradersHuddle.com) - Shares of Airgas, Inc. (NYSE:ARG) booked a new 52 week high today by trading above $80.66, traders are definitely monitoring Airgas' price action to see if this move attracts further buying into the stock.

Airgas, Inc. (NYSE:ARG) distributes industrial, medical, and specialty gases and related equipment. The Company also produces and distributes liquid carbon dioxide and dry ice.

Airgas is currently trading 0.3% versus its previous trading session close, and it has calculated support and resistance at $69.51 and $80.59 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.29% from its previous trading close, which means that Airgas stock is outperforming the overall market.

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