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SmarTrend Watching for Potential Rebound in Shares of Masco After 1.48% Loss

By Nick Russo

Masco (NYSE:MAS) traded in a range yesterday that spanned from a low of $32.76 to a high of $33.59. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $33.44 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Masco and will alert subscribers who have MAS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Masco have traded between a low of $22.52 and a high of $37.38 and are now at $32.97, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

Keywords: rebounders MASCO

Ticker(s): MAS