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Ppg Inds Inc Set to Possibly Rebound After Yesterday's Selloff of 1.73%

By Shiri Gupta

Ppg Inds Inc (NYSE:PPG) traded in a range yesterday that spanned from a low of $109.40 to a high of $109.53. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $109.73 on volume of 458,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Ppg Inds Inc on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.40. Since that recommendation, shares of Ppg Inds Inc have risen 5.6%. We continue to monitor PPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Ppg Inds Inc have traded between a low of $94.37 and a high of $118.62 and are now at $109.40, which is 16% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders ppg inds inc

Ticker(s): PPG