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PPG Industries (NYSE: PPG - option chain) shares are rising today after the company reported a second-quarter profit of $146 million or 89 cents per share. Excluding one-time items, PPG earned 91 cents per share, topping analysts' forecasts of 75 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on PPG.PPG opened this morning at $47.15. So far today the stock has hit a low of $47.10 and a high of $49.50. As of 11:25, PPG is trading at $48.59 up $2.49 (5.4%). The chart for PPG looks bullish and S&P gives PPG a positive 5 STARS (out of 5) strong buy ranking.
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