StockCall.com Provides Stock Research on Masco Corp., USG Corp., Owens Corning, and Vulcan Materials Co.
New York City, New York -- (May 02, 2013)
A data released by the Commerce Department showed that construction spending fell in March to the lowest-level in seven months. The decline was mainly due to government scaling back spending on construction projects. Meanwhile, housing market will be the main driver for spending growth. Data released earlier this week once again showed that the recovery in the housing market is continuing. This is a good sign for companies such as Masco Corporation (NYSE: MAS), USG Corporation (NYSE: USG), Owens Corning (NYSE: OC), and Vulcan Materials Company (NYSE: VMC) which provide general building materials. Shares of general building material companies ended mostly lower on Wednesday, tracking losses in the broad market. StockCall analysts initiated preliminary technical research on MAS, USG, OC, and VMC. These free reports are accessible by signing today at
Shares of Masco Corporation rose sharply yesterday after the company reported its first quarter financial results. The stock rose to an intra-day high of $20.29 before finishing the day 3.45% higher at $20.11 on above average volume of 8.33 million. Despite the gains on Wednesday, Masco’s shares have fallen nearly 2.50% in the last three sessions. The stock has seen stiff resistance at around $20.50 over the last few months. Shares of MAS currently have support at around $19. The free technical analysis on MAS is available by signing up at
Shares of USG Corporation fell sharply in Wednesday’s trading session. The stock traded between $24.87 and $26.04 before finishing the day 3.46% lower at $25.09 on volume of 1.77 million. USG’s shares are currently trading below their 50-day moving average which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. The company’s shares have fallen more than 10.60% so far in 2013 as compared to a gain of nearly 11% for the S&P 500. The stock is currently trading nearly 19% below its 52-week high. Register now to download the free research on USG at
Shares of Owens Corning slipped in trading yesterday, extending their losses for the week. The stock ended the day 1.76% lower at $41.32 on volume of 1.47 million, taking its losses for the week to 2.50%. Despite the losses this week, the company’s shares have gained more than 11.70% in 2013, outperforming the broad market. The stock, however, has been struggling to break through $43 resistance level. Shares of OC are currently trading well above their 50-day and 200-day moving averages. However, the stock’s MACD chart suggests that market sentiment has turned bearish. Free report on OC can be accessed by registering at
Shares of Vulcan Materials Company struggled in Wednesday’s trading session. The stock ended the day 3.01% lower at $48.38 on above average volume of 743,900. Despite the sharp decline yesterday, shares of VMC have gained 4% in the last three sessions. However, year-to-date, the stock is still down more than 7%, underperforming the S&P 500. Its shares are currently trading more than 18.60% below its 52-week high. The stock is also trading below its 50-day moving average. Yesterday, it also fell below its 200-day moving average.Register withStockCall and download the research on VMC for free at
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William T. Knight
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