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

By Amy Schwartz

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.

Masco share prices have moved between a 52-week high of $37.38 and a 52-week low of $22.52 and are now trading 46% above that low price at $32.97 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

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.

Keywords: rebounders MASCO

Ticker(s): MAS