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Mattel Crosses Below its 10-day MA (MAT)

By Amy Schwartz

Today, shares of Mattel (NYSE:MAT) have fallen below their 10-day MA of $25.34 on a volume of 587K 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.

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 30% above that low price at $25.20 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 recommended that its subscribers protect gains by selling shares of Mattel on January 27th, 2017 by issuing a Downtrend alert when the shares were trading at $26.42. Since that call, shares of Mattel have fallen 3.6%. 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