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After Yesterday's Rally of 1.44% Shares Could Potentially Pullback

By David Diaz

Ppg Inds Inc (NYSE:PPG) traded in a range yesterday that spanned from a low of $118.40 to a high of $118.82. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $118.52 on volume of 836,000 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 $94.37 to $121.29 and is now at $118.71, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ppg Inds Inc on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.49. Since that recommendation, shares of Ppg Inds Inc have risen 4.9%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ppg inds inc

Ticker(s): PPG