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Watch for Ppg Inds Inc to Potentially Rebound After Falling 1.21% Yesterday

By Shiri Gupta

Ppg Inds Inc (NYSE:PPG) traded in a range yesterday that spanned from a low of $105.72 to a high of $108.95. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $105.95 on volume of 332,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ppg Inds Inc have traded between a low of $94.37 and a high of $122.07 and are now at $107.79, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Ppg Inds Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ppg Inds Inc in search of a potential trend change.

Keywords: rebounders ppg inds inc

Ticker(s): PPG