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Masco Corp: The Losing Streak Continues (MAS)

By David Diaz

Masco Corp (NYSE:MAS) traded today at a new 52-week low of $32.43. So far today approximately 633,000 shares have been exchanged, as compared to an average 30-day volume of 3.2 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 Corp have traded between the current low of $32.43 and a high of $46.45 and are now at $32.51. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.2%.

Potential upside of 42.6% exists for Masco Corp, based on a current level of $32.51 and analysts' average consensus price target of $46.35. The stock should run into initial resistance at its 50-day moving average (MA) of $37.84 and subsequent resistance at its 200-day MA of $39.77.

SmarTrend is tracking the current trend status for Masco Corp and will alert subscribers who have MAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows masco corp

Ticker(s): MAS