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Watch for Shares of Ppg Inds Inc (PPG) to Approach Support at $111.97

By David Diaz

Shares of Ppg Inds Inc (NYSE:PPG) have bearishly opened below the pivot of $113.17 today and have reached the first support level of $112.44. Should the shares continue to fall, the support pivots of $111.97 and $110.77 will be of interest.

There is potential upside of 8.3% for shares of Ppg Inds Inc based on a current price of $112.00 and an average consensus analyst price target of $121.35. The stock should find resistance at its 50-day moving average (MA) of $113.61, as well as support at its 200-day MA of $108.14.

Ppg Inds Inc share prices have moved between a 52-week high of $121.29 and a 52-week low of $94.37 and are now trading 19% above that low price at $112.00 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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: pivot alerts ppg inds inc

Ticker(s): PPG