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Mattel Crosses Below its 10-day MA (MAT)

By Amy Schwartz

Today, shares of Mattel (NYSE:MAT) have crossed bearishly below their 10-day moving average of $33.66 on a volume of 268K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $33.47, which is 72% above that low price. 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 tracking the current trend status for Mattel and will alert subscribers who have MAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mattel

Ticker(s): MAT