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Masco Corp (MAS) Breaks Through Resistance at $41.03

By David Diaz

Shares of Masco Corp (NYSE:MAS) have bullishly opened above the pivot of $40.80 today and have reached the first resistance level of $41.03. Should the shares continue to rise, the resistance pivots of $41.42 and $42.04 will be of interest.

In the past 52 weeks, shares of Masco Corp have traded between the current low of $0.00 and a high of $46.45 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.57% higher and 0.74% higher over the past week, respectively.

Masco Corp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $47.70. The stock should find initial resistance at its 200-day moving average (MA) of $28.06 and further resistance at its 50-day MA of $30.83.

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 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts masco corp

Ticker(s): MAS