• Return to Headlines

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

By David Diaz

Shares of Masco (NYSE:MAS) traded at a new 52-week high today of $38.38. So far today approximately 192,000 shares have been exchanged, as compared to an average 30-day volume of 3.1 million shares.

Masco share prices have moved between a 52-week high of $38.38 and a 52-week low of $22.52 and are now trading 69% above that low price at $38.17 per share. 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 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 0.6% 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 18.0%. 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