Market Overview

Next Support Level for PPG Industries (PPG) is $74.61

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(via COMTEX News Network)--

SmarTrend has detected shares of PPG Industries (NYSE: PPG) have bearishly opened below the pivot of $76.14 today and have reached the first level of support of $75.62.

Should the shares continue to fall, we are monitoring the next support pivots of $74.61 and $73.08. Also, the shares are currently trading below the 50-day moving average of $85.49 and below the 200-day moving average of $85.80.

In the last five trading sessions, the 50-day MA has fallen 0.73% while the 200-day MA has remained constant.

In the past 52 weeks, shares of PPG Industries have traded between a low of $63.12 and a high of $97.81 and are now at $75.54, which is 20% above that low price.

SmarTrend currently has shares of PPG Industries in an Downtrend and issued the Downtrend alert on July 15, 2011 at $89.17. The stock has fallen 14.1% since the Downtrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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