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Bearish Moving Average Cross by Ppg Inds Inc (PPG)

By James Quinn

Ppg Inds Inc (NYSE:PPG) shares have crossed bearishly below their 10-day moving average of $103.19 on a volume of 336K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Ppg Inds Inc share prices have moved between a 52-week high of $122.07 and a 52-week low of $100.36 and are now trading 3% above that low price at $103.04 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ppg Inds Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $114.37. Since that call, shares of Ppg Inds Inc have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ppg inds inc

Ticker(s): PPG