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Masco: 52-Week High Recently Eclipsed (MAS)

By Shiri Gupta

Masco (NYSE:MAS) traded at a new 52-week high today of $37.70. This new high was reached on below average trading volume as 202,000 shares traded hands, while the average 30-day volume is approximately 3.1 million shares.

Masco Corporation manufactures, and sells home improvement and building products. The Company's products include faucets, kitchen and bath cabinets, architectural coatings, and builders' hardware products. Masco sells its products through mass merchandisers, home centers, hardware stores, and other wholesale and retail outlets to consumers and contractors.

In the past 52 weeks, shares of Masco have traded between a low of $22.52 and a high of $37.70 and are now at $37.68, which is 67% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 0.74% higher over the past week, respectively.

There is potential upside of 0.7% for shares of Masco based on a current price of $37.68 and an average consensus analyst price target of $37.94. Masco shares have support at the 50-day moving average (MA) of $30.83 and additional support at the 200-day MA of $28.06.

SmarTrend recommended that subscribers consider buying shares of Masco on November 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.33. Since that recommendation, shares of Masco have risen 15.7%. We continue to monitor MAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows MASCO

Ticker(s): MAS