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Watch for Continued Gains in Shares of Masco Corp (MAS)

By Nick Russo

Shares of Masco Corp (NYSE:MAS) traded at a new 52-week high today of $43.40. Approximately 536,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

Potential upside of 6.8% exists for Masco Corp, based on a current level of $43.40 and analysts' average consensus price target of $46.35. The stock should discover initial support at its 50-day moving average (MA) of $39.54 and subsequent support at its 200-day MA of $36.72.

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 Corp share prices have been bracketed by a low of $27.03 and a high of $43.40 and are now at $43.40, 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Masco Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.15. Since that recommendation, shares of Masco Corp have risen 13.0%. 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 corp

Ticker(s): MAS