Technical Briefing on Masco, USG Corp., Fastenal, and Headwaters
LONDON, April 2, 2013 /PRNewswire/ --
A report released by the Commerce Department on Tuesday showed that construction spending in the U.S. rose 1.2% in the month of February. The construction spending data came in above consensus forecast, and once again highlighted the ongoing recovery in the U.S. housing market. The improvement in the housing market has been benefiting not only homebuilders, but also companies such as Masco Corporation (NYSE: MAS), USG Corporation (NYSE: USG), Fastenal Company (NASDAQ: FAST), and Headwaters Inc. (NYSE: HW), which supply general building materials. On Monday, though, shares of all four companies fell sharply, tracking losses in the broad market. StockCall has posted free technical research reports on MAS, USG, FAST, and HW and these can be accessed by signing up at
http://www.stockcall.com/analysis
Shares of Masco Corporation edged lower on Monday, touching an intra-day low of $19.76. The stock closed 1.78% lower at $19.89, taking its losses in the last three trading sessions to over 3.60%. Despite the recent pullback, Masco's shares have gained nearly 20% so far in 2013, outperforming the broad market. However, the stock's MACD has just crossed below the signal line, indicating that market sentiment has turned bearish. The company's shares currently have support at around $19.50. Download the free report on MAS upon registration at
http://www.StockCall.com/MAS040213.pdf
USG Corporation shares fell sharply yesterday, extending their losses from last week. The stock ended the day 1.29% lower at $26.10, taking its losses in the last three trading sessions to 3.30%. USG's shares touched an intra-day low of $25.70 on Monday. The company's shares have fallen sharply after failing to break through $30 resistance level. The stock has slipped below its 50-day moving average as a result of the recent sell-off. This is a bearish signal. The downbeat trend is further confirmed by the stock's MACD chart. Despite the sharp decline in last few sessions, the company's shares are still up more than 41% in the last one year. USG technical report can be accessed for free by signing up at
http://www.StockCall.com/USG040213.pdf
Shares of Fastenal Company were among the major losers on Monday. The stock fell to an intra-day low of $49.54 before finishing the day 3.02% lower at $49.78. Its shares fell below their 50-day moving average as a result of the sharp decline yesterday. This is a bearish signal. The stock's MACD is trading below the signal line and has also slipped below the zero-line, further confirming this negative trend. The company's shares have support at around $49. Despite the losses yesterday, the stock is still up nearly 7% for the year. Free report on FAST can be accessed by registering at
http://www.StockCall.com/FAST040213.pdf
Shares of Headwaters Inc. fell sharply in trading on Monday, tracking losses in the broad market. The stock fell to an intra-day low of $10.53 before finishing the day 2.20% lower at $10.66. Headwaters' shares have now fallen more than 3.50% in the last three sessions. The stock has slipped from around $11 resistance level. The stock's MACD has crossed below the signal line, which is a strong bearish signal. Its shares currently have support at around $10.50. Year-to-date, the stock is still up more than 24.50%. Register with StockCall and download the research on HW for free at
http://www.StockCall.com/HW040213.pdf
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