• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Industrials

Masco Has a Strong Chart and Indicators

Use available price weakness if you want to go long Masco.
By BRUCE KAMICH
Dec 08, 2017 | 08:37 AM EST
Stocks quotes in this article: MAS

We reviewed the charts of building materials' maker Masco Corp. (MAS) recently, and we said, "MAS might build a higher level base in the $37-$40 area before renewed strength is seen. Our upside price target is $50. A close below $36 would change our opinion." Now that prices have surged to new highs, another look at MAS wouldn't hurt. Let's check the latest charts and indicators.

In this daily bar chart of MAS, below, we can see that prices are above the rising 50-day moving average line, after a successful test of the line in the first half of November. The $41-$40 area was nearby resistance in October, and on a pullback, should it happen, it should act as support.

Buyers of MAS have been aggressive, looking at the rising On-Balance-Volume (OBV) line. The OBV line has risen steadily since April. The Moving Average Convergence Divergence (MACD) oscillator is well above the zero line in bullish territory, but the two moving averages that make up this indicator could be narrowing.

In this weekly chart of MAS, below, we can see that prices are above the rising 40-week moving average line, which has done a great job the past three years in identifying the uptrend. The weekly OBV line is bullish, and the MACD oscillator on this timeframe has just turned up to a fresh go long signal.

In this Point and Figure chart of MAS, below, we can see the uptrend and our $50 price target.

Bottom line: longs from lower levels should hold. Looking to buy or add to a position? Use available price weakness. Stops should be raised to a close below $39.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | U.S. Equity | Industrials | Basic Materials | How-to | Stocks

More from Industrials

LyondellBasell Could Hold Temporarily Before Renewed Declines

Bruce Kamich
Jun 27, 2022 2:22 PM EDT

Let's take a look.

If These Stocks Are Any Indication, Investors Are Betting Against a Soft Landing

Bob Byrne
Jun 23, 2022 8:30 AM EDT

The sharp downward price action in a number of materials producers suggests traders believe a recession is right around the corner.

If You're Tired of Taking a Haircut on Losing Stocks, Get Mohawk

Paul Price
Jun 23, 2022 7:00 AM EDT

Now you can own a world leader industrial company at a ground-floor entry price.

Atkore Makes an Upside Breakout and Pullback

Bruce Kamich
Jun 9, 2022 12:15 PM EDT

Let's check the charts and indicators.

Bearish Bets: 3 Sluggish Stocks You Should Consider Shorting This Week

Bob Lang
May 15, 2022 10:30 AM EDT

These recently downgraded names are displaying both quantitative and technical deterioration.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:56 AM EDT STEPHEN GUILFOYLE

    Stocks Under $10

    Check out what's going on in the Stocks Under $10 ...
  • 12:04 AM EDT PAUL PRICE

    Two Good Signs -- Especially for Small-Cap Investors

  • 12:10 AM EDT PAUL PRICE

    More Insider Buying in American Woodmark (AMWD)

    American Woodmark , which I've discussed here fr...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login