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

By Amy Schwartz

PPG Industries (NYSE:PPG) crossed over its 10-day moving average of $108.05 on a volume of 211K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, PPG Industries share prices have been bracketed by a low of $82.93 and a high of $118.69 and are now at $108.37, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

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 11.3%. 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