Masco Crosses Below its 10-day MA (MAS)
Masco (NYSE:MAS) shares have crossed bearishly below their 10-day moving average of $16.22 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Masco has traded in a range of $8.97 to $17.19 and is now at $16.02, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.8%.
SmarTrend recommended that subscribers consider buying shares of Masco on November 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.14. Since that recommendation, shares of Masco have risen 3.2%. We continue to monitor MAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses MASCO