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Mattel Crosses Above its 10-day MA (MAT)

By James Quinn

Today, shares of Mattel (NYSE:MAT) have crossed bullishly above their 10-day moving average of $30.18 on a volume of 444K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Mattel have traded between a low of $19.45 and a high of $34.76 and are now at $30.33, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mattel on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $31.38. Since that call, shares of Mattel have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mattel

Ticker(s): MAT