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Shares of Masco Corp Rise to a New 52-Week High

By James Quinn

Shares of Masco Corp (NYSE:MAS) traded at a new 52-week high today of $41.31. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Masco Corp (NYSE:MAS) has potential upside of 12.2% based on a current price of $41.31 and analysts' consensus price target of $46.35. The stock should find initial support at its 50-day moving average (MA) of $38.09 and further support at its 200-day MA of $35.39.

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 Corp share prices have moved between a 52-week high of $41.31 and a 52-week low of $27.03 and are now trading 53% above that low price at $41.31 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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