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Masco Corp Falls 1.31% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Masco Corp (NYSE:MAS) traded in a range yesterday that spanned from a low of $38.30 to a high of $38.92. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $38.39 on volume of 990,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Masco Corp on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $43.27. Since that call, shares of Masco Corp have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Masco Corp have traded between a low of $35.79 and a high of $46.45 and are now at $38.36, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders masco corp

Ticker(s): MAS