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Watch for Ppg Inds Inc to Potentially Pullback After Gaining 1.38% Yesterday

By Nick Russo

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.

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.

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. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Keywords: rebounders ppg inds inc

Ticker(s): PPG