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

By Shiri Gupta

PPG Industries (NYSE:PPG) shares have crossed bullishly above their 10-day moving average of $109.41 on a volume of 154K 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.

Over the past year, PPG Industries has traded in a range of $82.93 to $118.69 and is now at $109.55, 32% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 1.02% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of PPG Industries on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.99. Since that recommendation, shares of PPG Industries have risen 12.6%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses PPG Industries

Ticker(s): PPG