| 2017-04-19 14:29:54|
PPG 14:29 04/19 04/19/17
PPG technical comments ahead of earnings
The shares have been trading in a stable bullish price channel since the lows of October of last year. Price ahead of earnings is trading closer to the channel lows, which is at the $102 area. If the news is a negative surprise, a breakdown below the price channel would break the uptrend. Next support levels to watch as potential downside objectives would be at $100, $98.61, $97.14, and $95.21. If the news is bullish, first resistance would be at the $107 area and then at the channel high at the $110 area. Next resistance levels to watch as potential upside objectives would be at $111.52, $112.95, and $115.16. The 52-week high is at $117.