Michigan-based Masco (MAS) designs and manufactures home improvement and building products. Its stock price has climbed nicely the past 12 months and it looks like more gains are ahead.
Let's look at the latest charts and indicators.
In this daily bar chart of MAS, above, we can see a steady lower-left-to-upper-right movement across the chart -- a.k.a. an uptrend. Prices are above the rising 50-day and 200-day moving average lines. The On-Balance-Volume (OBV) line has risen the past 12 months, showing that buyers of MAS have been more aggressive and that volume has confirmed the advance. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and rising in a bullish setup.
In this weekly bar chart of MAS, above, we can see prices have doubled in the past three years. Prices are above the rising 40-week moving average line and the weekly OBV line is pointed up. The weekly MACD oscillator just crossed to a fresh outright go-long signal.
In this Point and Figure chart of MAS, above, we have a tentative upside price target or objective of $50.30.
Bottom line: Traders and investors could approach the long side of MAS risking a close below $37, looking for longer-term gains to the $50 area.