PPG Industries: 52-Week High Recently Eclipsed (PPG)
PPG Industries (NYSE:PPG) traded at a new 52-week high today of $143.01. So far today approximately 250,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
In the past 52 weeks, PPG Industries share prices have been bracketed by a low of $86.74 and a high of $143.01 and are now at $141.98, 64% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.
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.
PPG Industries (NYSE:PPG) has potential upside of 1.0% based on a current price of $141.98 and analysts' consensus price target of $143.35. The stock should discover initial support at its 50-day moving average (MA) of $128.20 and subsequent support at its 200-day MA of $112.92.
SmarTrend recommended that subscribers consider buying shares of PPG Industries on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.76. Since that recommendation, shares of PPG Industries have risen 15.7%. 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