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

By Amy Schwartz

Today, shares of PPG Industries (NYSE:PPG) have crossed bearishly below their 10-day moving average of $104.29 on a volume of 193K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of PPG Industries have traded between a low of $82.93 and a high of $118.69 and are now at $102.65, which is 24% above that low price. 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 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