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Masco Corp (MAS) Crosses Pivot Point Resistance at $44.98

Comtex SmarTrend(R) - Wed Oct 30, 9:12AM CDT

Shares of Masco Corp (NYSE:MAS) opened today above their pivot of $44.65 and have already reached the first level of resistance at $44.98. Analysts will be watching for a cross of the next upside pivot targets of $45.30 and $45.95.

In the past 52 weeks, shares of Masco Corp have traded between a low of $27.03 and a high of $44.98 and are now at $42.51, which is 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

There is potential upside of 9.0% for shares of Masco Corp based on a current price of $42.51 and an average consensus analyst price target of $46.35. Masco Corp shares have support at the 50-day moving average (MA) of $41.91 and additional support at the 200-day MA of $38.96.

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.

Write to SmarTrend at cs@mysmartrend.com

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