Masco (MAS) is a leader in the design, manufacture and distribution of branded home improvement and building products. Let's see what we can build with the charts and indicators.
In this daily bar chart of MAS, below, I can see that prices made a base pattern from August to June before breaking out to the upside. Prices turned upwards in a sustained fashion in June and you can notice how the slopes of the 50-day and 200-day moving averages turned positive.
The On-Balance-Volume (OBV) line turned upwards from April telling me that buyers of MAS have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is bullish but correcting slightly.
In this weekly Japanese candlestick chart of MAS, below, I see a mostly positive setup. Prices have made a decent base and trade above the rising 40-week moving average line. The recent candles show some tentative movement above $60 but that can be overcome with a bullish (white) candle.
The weekly OBV line has improved since April. The MACD oscillator is in a bullish alignment above the zero line.
In this daily Point and Figure chart of MAS, below, you can easily see the upside breakout for this name and a price target in the $93 area.
In this weekly Point and Figure chart of MAS, below, I can see a price target in the $68 area. This could change.
Bottom line strategy: Traders could go long MAS on a dip under $60 if available. Risk to $56 for now. $68 and then $93 are my price targets.
