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After Yesterday's Decline of 2.41%, Mattel Inc Offers Investors Better Value

By James Quinn

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $16.77 to a high of $17.22. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $17.03 on volume of 996,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Mattel Inc on May 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.36. Since that recommendation, shares of Mattel Inc have risen 12.0%. We continue to monitor MAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Mattel Inc has traded in a range of $12.21 to $21.67 and is now at $16.86, 38% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

Keywords: rebounders mattel inc

Ticker(s): MAT