Issued: 10/12/2014
Masco Corp., MAS:
1. In our previous (Thurs., Oct. 2) Williams edge stock meeting it was noted that a weekly close on Friday, Oct. 3 below $23.82 in Masco could be shorted for a decline to at/near $22.60 (or lower).
2. Masco closed the week at $23.66, below the $23.82 level and has since completed the forecast $22.60 downside target (and lower). Lower prices remain likely. Will update as market confirms.
David Williams
Issued: 10/08/2014
Masco Corp., MAS:
1. In our previous (Thurs., Oct. 2) Williams edge stock meeting it was noted that a weekly close on Friday, Oct. 3 below $23.82 in Masco could be shorted for a decline to at/near $22.60 (or lower).
2. Masco closed the week at $23.66, below the $23.82 level and has since declined to a session low (today, Wed., Oct. 8) at $22.75. Lower prices remain likely. Will update as the market further confirms.
David Williams