PPG Industries could breakout the USD 158.9 resistance in the short term.

The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good.

The security is in an upward trend for several months. A running out of steam is occurred with the contact of USD 158.9 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the USD 158.9 resistance will indicate a buy signal with a target price in the area of USD 170.

Investors could take a buying position once prices will be above the resistance. A stop loss will be positioned under USD 154.9.