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Mattel Bullish Moving Average Crossover Alert (MAT)

By Nick Russo

Today, shares of Mattel (NYSE:MAT) have crossed bullishly above their 10-day moving average of $31.95 on a volume of 546K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Mattel share prices have moved between a 52-week high of $34.76 and a 52-week low of $19.45 and are now trading 65% above that low price at $32.11 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.5%.

SmarTrend is monitoring the recent change of momentum in Mattel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mattel in search of a potential trend change.

Keywords: moving crosses mattel

Ticker(s): MAT