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PPG Industries Crosses Above its 10-day MA (PPG)

By Nick Russo

Today, shares of PPG Industries (NYSE:PPG) have advanced above their 10-day MA of $104.69 on a volume of 208K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

PPG Industries share prices have moved between a 52-week high of $118.69 and a 52-week low of $82.93 and are now trading 27% above that low price at $104.96 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of PPG Industries on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $110.15. Since that call, shares of PPG Industries have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses PPG Industries

Ticker(s): PPG