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PPG Industries: 52-Week High Recently Eclipsed (PPG)

By Shiri Gupta

Shares of PPG Industries (NYSE:PPG) traded today at $178.40, breaking its 52-week high. This new high was reached on below average trading volume as 233,000 shares traded hands, while the average 30-day volume is approximately 742,000 shares.

PPG Industries (NYSE:PPG) defies analysts with a current price ($178.18) 3.0% above its average consensus price target of $172.76. PPG Industries shares have support at the 50-day moving average (MA) of $163.63 and additional support at the 200-day MA of $150.59.

PPG Industries share prices have moved between a 52-week high of $178.40 and a 52-week low of $113.70 and are now trading 57% above that low price at $178.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide. The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.

SmarTrend recommended that subscribers consider buying shares of PPG Industries on July 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $156.18. Since that recommendation, shares of PPG Industries have risen 13.1%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows PPG Industries

Ticker(s): PPG