In the case of Masco Corp., the RSI reading has hit 29.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 58.9, the RSI of Spot Gold is at 12.3, and the RSI of Spot Silver is presently 17.4. A bullish investor could look at MAS's 29.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), MAS's low point in its 52 week range is $56.96 per share, with $86.70 as the 52 week high point — that compares with a last trade of $67.47. Masco Corp. shares are currently trading off about 1.9% on the day.
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Also see:
CHIH market cap history GYRE YTD Return
ONTF Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
