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After Yesterday's Rally of 1.38% Shares Could Potentially Pullback

By James Quinn

Ppg Inds Inc (NYSE:PPG) traded in a range yesterday that spanned from a low of $110.46 to a high of $111.66. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $110.93 on volume of 701,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ppg Inds Inc has traded in a range of $89.64 to $122.07 and is now at $111.57, 24% above that low. 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 its subscribers protect gains by selling shares of Ppg Inds Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $114.37. Since that call, shares of Ppg Inds Inc have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ppg inds inc

Ticker(s): PPG