New York, January 3rd (TradersHuddle.com) – Shares of PPG Industries, Inc. (NYSE:PPG) closed the trading session at $85.12 just above calculated resistance at $84.44 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.
PPG Industries, Inc. (NYSE:PPG) manufactures and supplies protective and decorative coatings. The company supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide. PPG also produces flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.
PPG’s stock was trading in a well defined range with support at $78.80 and resistance at $84.44, given that this range was broken traders will be closely monitoring the stock