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Watch for Shares of Masco Corp (MAS) to Approach Resistance at $43.78

By David Diaz

Masco Corp (NYSE:MAS) has opened bullishly above the pivot of $43.17 today and has reached the first level of resistance at $43.48. Investors may be interested in a cross of the next upside pivot targets of $43.78 and $44.39.

Masco Corp (NYSE:MAS) has potential upside of 7.3% based on a current price of $43.19 and analysts' consensus price target of $46.35. The stock should discover initial support at its 50-day moving average (MA) of $39.54 and subsequent support at its 200-day MA of $36.72.

Over the past year, Masco Corp has traded in a range of $27.03 to $43.46 and is now at $43.19, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Masco Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.15. Since that recommendation, shares of Masco Corp have risen 13.2%. We continue to monitor MAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts masco corp

Ticker(s): MAS