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Recent 52-Week High Exceeded in Shares of Masco (MAS)

By Shiri Gupta

Masco (NYSE:MAS) traded today at a new 52-week high of $34.24. So far today approximately 563,000 shares have been exchanged, as compared to an average 30-day volume of 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, Masco share prices have been bracketed by a low of $22.52 and a high of $34.24 and are now at $34.06, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

Masco (NYSE:MAS) defies analysts with a current price ($34.06) 10.2% above its average consensus price target of $30.59. The stock should discover initial support at its 50-day moving average (MA) of $30.83 and subsequent support at its 200-day MA of $28.06.

SmarTrend is monitoring the recent change of momentum in Masco. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Masco in search of a potential trend change.

Keywords: 52 week high/lows MASCO

Ticker(s): MAS