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Watch for Continued Gains in Shares of Masco (MAS)

By Nick Russo

Masco (NYSE:MAS) traded today at a new 52-week high of $33.05. This new high was reached on below average trading volume as 539,000 shares traded hands, while the average 30-day volume is approximately 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.

Based on a current price of $33.04, Masco is currently 7.4% above its average consensus analyst price target of $30.59. Masco shares have support at the 50-day moving average (MA) of $30.83 and additional support at the 200-day MA of $28.06.

In the past 52 weeks, shares of Masco have traded between a low of $22.52 and a high of $33.05 and are now at $33.04, which is 47% 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.

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