Bull & Bear: Masco

Shares of Masco Corporation MAS are trading lower on the session by 0.66%, at $12.12. With the recent slide in shares, you have to wonder where they could head next… Bulls: Bulls will note that Masco Corporation is currently sitting on the $12.00 historical support level; a rally from this level would have a price target of roughly $13.10-13.50. Bulls will also note that MAS is currently not overbought, which leaves room for bulls to step up and protect the level. A bullish trader could buy the August $12 call for a net debit of $0.65-0.70. Bears: Bears will note that Masco Corporation recently fell on heavy volume; the recent consolidation has been on lighter and lighter volume. This is usually an indication that further selling is to come. Bears will also note that the 20-day, 50-day, and 200-day moving averages are all downward trending. Put volume has also been elevated over the past two weeks. A bearish trader could buy the August $12/11 put spread for a net debit $0.35-0.40. Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market.