NEW YORK (TheStreet) -- Shares of home improvement and building products company Masco (MAS) - Get Report are mounting a powerful breakout following Tuesday morning's second-quarter earnings report

The stock opened with a huge upside gap and has been steadily gaining strength since. In the early going Masco struggled with heavy resistance near the $25 area, but at midday it has blown past the initial 2015 high at $24.95. This very high-momentum move is setting shares up well for more upside.

Heading into today's news, Masco remained in a very tight range. Since the initial 2015 high set back in early February, the lower band of this tight sideways action was well support by the $24.50 area. The stock' s March and April lows were marked at this level. The rally that followed the April bottom carried Masco to new yearly highs, but further gains were limited. June saw another new high, but volume again was lacking and shares quickly fell back.

The pullback that followed pushed the stock back down to the lower support band. This time the stock's 200-day moving average had joined the $22.50 support zone. As earnings neared, it was obvious that investors had taken notice and began to put money back to work at this key area. Last Wednesday and Thursday saw solid gains on very heavy trade.

Heading into this morning's report, Masco was on solid footing. Following this morning's breakout, the stock has left behind layers of support well above what should now be considered a major bottom near the March, April and July lows.

Considering that Masco is now up over 13% from last week's low, a bit of back-and-fill trade is likely to develop soon. A drift back down to the initial layer of support near $25 should be viewed as a low-risk entry opportunity for patient bulls.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.