PPG Industries (PPG) Offering Possible 20.48% Return Over the Next 28 Calendar Days

PPG Industries's most recent trend suggests a bearish bias. One trading opportunity on PPG Industries is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 20.48% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $8.30 would be incurred if the stock rose above the $110.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for PPG Industries is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for PPG Industries is bearish.

The RSI indicator is at 27.99 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for PPG Industries

Q3 Earnings Outlook For PPG Industries
Wed, 17 Oct 2018 19:09:12 +0000
Don't be caught off-guard: PPG Industries (NYSE: PPG ) releases its next round of earnings this Thursday, Oct. 18. Want to skip the homework and get all the facts in one place? We thought so. Here is your …

PPG Industries’ Short Interest Could Increase after Its Earnings
Wed, 17 Oct 2018 13:01:11 +0000
The latest short interest data from September 28 show that PPG Industries’ (PPG) short interest has fallen. The lower short interest indicates short coverage in the stock. PPG Industries’ short interest fell for five consecutive weeks from the middle of July.

PPG Industries: Analysts’ Ratings before Its Earnings
Wed, 17 Oct 2018 11:32:03 +0000
In the third quarter, 22 analysts are covering PPG Industries (PPG)—compared to 24 analysts in the previous quarter. Among the 22 analysts, 36% recommended a “buy,” while 64% recommended a “hold.” None of the analysts recommended a “sell.”

PPG Industries’ Earnings Are Expected to Decline
Tue, 16 Oct 2018 15:10:02 +0000
Wall Street analysts expect PPG Industries (PPG) to post an adjusted EPS of $1.45 for the third quarter, which reflects a decline of 4.6% YoY (year-over-year). In the third quarter of 2017, the company’s adjusted EPS was reported at $1.52. The projection indicates the continued decline in PPG Industries’ third-quarter adjusted EPS since 2015.

PPG Industries: Flat Revenue Growth in the Third Quarter?
Tue, 16 Oct 2018 13:40:02 +0000
Wall Street analysts expect PPG Industries (PPG) to post revenues of $3.82 billion in its third-quarter earnings release. The estimates represent an increase of ~1.1% compared to the third quarter of 2017 when the company reported revenues of $3.78 billion. Sherwin-Williams (SHW) and Axalta Coating Systems (AXTA) are projected to increase 7.1% and 5.0%, respectively. RPM International (RPM) reported revenue growth of 7.8% in the third quarter.

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