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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.

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