PPG Industries has a history of stable EPS growth (with some outliers such as the EPS during the FC in 2008); the Corona lockdown and the stop of production is very likely to affect the EPS of the company in 2020 and maybe its the consecutive year’s growth. Looking at the reduction of EPS during the Finanacial Crisis, two year’s (2008 and 2009) EPS were falling...
Stock PPG seasonality starts to Buy date on February 19 and ends Sell date on May 1 Percent Profitable is 78.95% in 19 years and an average return of 7.45% per year
Break through that resistance for a bullish confirmation.
Breakout from the 119.21 resistance level is getting more aggressive. - Higher lows and shorter time frame to hit resistance. - FI going above 0 - MACD Histogram ticking back to positive Will have to observe the next few days candle and volume and enter the trade only if the breakout success probability is high.
We can see how over the past 5 years PPG has not been able to break $120 on this weekly chart We can see the clear level of resistance under $120 While we can see the buyers steeping up creating higher lows over the same time period We will be buying PPG above $120 vs $112 for now, looking for a move to $160 over the next 6-12 months
Maybe PPG is a barometer for the entire market and signals how misguided we may be. Last September PPG pre announced poor results for the 3rd quarter, from that day the market sank just as the stock did. So has that much really changed for PPG? NO, so why is the stock trying to breakout? why is the stock market coming off all time highs?, caution, caution,...
$PPG monthly, can it break this range on earnings
PPG was one of the first stocks to bring about the market sell off in the 4th quarter of 2018, it has rallied well of those lows but now approaches resistance and has show signs of a reversal. Indicators are showing bearish divergence and some adverse news releases have also not helped. We presume a reversal very soon.
NYSE:PPG , maker of coatings, specialty materials, and glass products fell 10% today (Tuesday) after warnings of higher costs and weaker demand ahead. But bounce back up on after market on disclosure by Trian Fund Management disclosed a stake of roughly $700m it has been building in the company over the past several months, roughly 2.9% ownership interest. Could...
PPG Industries Warns of Intensifying Inflation Pressures and Weakening Demand October 8, 2018 by Dr. Duru ““As we look ahead, we currently do not anticipate any relief from inflationary cost pressures in the third quarter. We expect aggregate global economic growth to remain positive with end-use market activity comparable to the second quarter, adjusted for...
Entry Buy Signal at $102.22 Sell at $102.74 Profits $2.934