Next Support Level for PPG Industries (PPG) is $139.64
PPG Industries (NYSE:PPG) has opened bearishly below the pivot of $144.96 today and has reached the first level of support at $141.92. Investors may be interested in a cross of the next downside pivot targets of $139.64 and $134.32.
There is potential upside of 8.5% for shares of PPG Industries based on a current price of $141.00 and an average consensus analyst price target of $153.00. PPG Industries shares have support at the 50-day moving average (MA) of $130.62 and additional support at the 200-day MA of $114.12.
Over the past year, PPG Industries has traded in a range of $87.61 to $147.99 and is now at $141.00, 61% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.6%.
SmarTrend recommended that subscribers consider buying shares of PPG Industries on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.76. Since that recommendation, shares of PPG Industries have risen 17.5%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts PPG Industries