When Masco (MAS) Moves Investors should Listen

January 26, 2022, 15:15 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Masco (NYSE: MAS) report below is a real world example. Included are trading plans for MAS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for MAS

• Buy MAS slightly over 60.00 target 64.26 stop loss @ 59.83 Details

The technical summary data tells us to buy MAS near 60.00 with an upside target of 64.26. This data also tells us to set a stop loss @ 59.83 to protect against excessive loss in case the stock begins to move against the trade. 60.00 is the first level of support below 62.48 , and by rule, any test of support is a buy signal. In this case, support 60.00 would be being tested, so a buy signal would exist.

• Short MAS under 64.26, target 60.00, stop loss @ 64.45 Details

The technical summary data is suggesting a short of MAS as it gets near 64.26 with a downside target of 60.00. We should have a stop loss in place at 64.45though. 64.26 is the first level of resistance above 62.48, and by rule, any test of resistance is a short signal. In this case, if resistance 64.26 is being tested, so a short signal would exist.

Swing Trading Plans for MAS

• Buy MAS slightly over 63.41, target 64.26, Stop Loss @ 63.23 Details

If 63.41 begins to break higher, the technical summary data tells us to buy MAS just slightly over 63.41, with an upside target of 64.26. The data also tells us to set a stop loss @ 63.23 in case the stock turns against the trade. 63.41 is the first level of resistance above 62.48, and by rule, any break above resistance is a buy signal. In this case, 63.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MAS near 63.41, target 60.00, Stop Loss @ 63.59. Details

The technical summary data is suggesting a short of MAS if it tests 63.41 with a downside target of 60.00. We should have a stop loss in place at 63.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MAS

• Buy MAS slightly over 62.67, target 63.41, Stop Loss @ 62.52 Details

If 62.67 begins to break higher, the technical summary data tells us to buy MAS just slightly over 62.67, with an upside target of 63.41. The data also tells us to set a stop loss @ 62.52 in case the stock turns against the trade. 62.67 is the first level of resistance above 62.48, and by rule, any break above resistance is a buy signal. In this case, 62.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MAS near 62.67, target 60.00, Stop Loss @ 62.82. Details

The technical summary data is suggesting a short of MAS if it tests 62.67 with a downside target of 60.00. We should have a stop loss in place at 62.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 62.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MAS Ratings for January 26:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	60.00
P2	62.67	63.41	64.26
P3	64.15	65.85	68.73

Support and Resistance Plot Chart for MAS

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