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Ppg Inds Inc Bearish Moving Average Crossover Alert (PPG)

By David Diaz

Ppg Inds Inc (NYSE:PPG) crossed under its 10-day moving average of $110.83 on a volume of 156K shares. Swing traders may find an opportunity 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 $116.73 and a 52-week low of $94.37 and are now trading 16% above that low price at $109.23 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Ppg Inds Inc on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.40. Since that recommendation, shares of Ppg Inds Inc have risen 6.9%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ppg inds inc

Ticker(s): PPG