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Masco: The Winning Streak Continues (MAS)

By Shiri Gupta

Masco (NYSE:MAS) traded today at a new 52-week high of $39.26. Approximately 206,000 shares have changed hands today, as compared to an average 30-day volume of 3.1 million shares.

In the past 52 weeks, Masco share prices have been bracketed by a low of $22.52 and a high of $39.26 and are now at $39.24, 74% 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.

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.

Masco (NYSE:MAS) is currently priced 3.3% above its average consensus analyst price target of $37.94. The stock should find initial support at its 50-day moving average (MA) of $30.83 and further support at its 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 21.1%. 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