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

By Shiri Gupta

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.

Masco Corp share prices have moved between a 52-week high of $46.45 and a 52-week low of $35.79 and are now trading 7% above that low price at $38.36 per share. The 200-day and 50-day moving averages have moved 0.08% higher and 0.15% lower over the past week, respectively.

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.

Keywords: rebounders masco corp

Ticker(s): MAS