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Look for Shares of Ppg Inds Inc to Potentially Pullback after Yesterday's 1.21% Rise

By Nick Russo

Ppg Inds Inc (NYSE:PPG) traded in a range yesterday that spanned from a low of $128.63 to a high of $130.40. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $129.66 on volume of 803,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Ppg Inds Inc have traded between a low of $94.41 and a high of $130.81 and are now at $128.93, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Ppg Inds Inc and will alert subscribers who have PPG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ppg inds inc

Ticker(s): PPG