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Masco Corp Set to Possibly Rebound After Yesterday's Selloff of 1.20%

By Shiri Gupta

Masco Corp (NYSE:MAS) traded in a range yesterday that spanned from a low of $41.07 to a high of $41.70. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $41.27 on volume of 473,000 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 Corp and will alert subscribers who have MAS in their portfolio or watchlist when shares have changed trend direction.

Masco Corp share prices have moved between a 52-week high of $50.06 and a 52-week low of $27.04 and are now trading 52% above that low price at $41.04 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders masco corp

Ticker(s): MAS