The opposite is happening in shares of $17.5 billion coating manufacturer PPG Industries (PPG - Get Report). Shares of the large-cap firm have rallied more than 37% so far in 2012, easily outperforming the rest of the market over the same time period. And an uptrending channel indicates that the rally isn't over yet -- only correcting this week.
Like the broad market, PPG is correcting, giving back some gains as traders take a breather to absorb some of the gains that this stock has enjoyed. As long as shares stay above their trendline support level, the uptrend is still intact.
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