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After Yesterday's Decline of 2.42%, Mattel Inc Offers Investors Better Value

By James Quinn

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $13.93 to a high of $14.58. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $14.37 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Mattel Inc on December 6th, 2017 by issuing a Downtrend alert when the shares were trading at $15.51. Since that call, shares of Mattel Inc have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Mattel Inc have traded between a low of $12.71 and a high of $123.45 and are now at $14.30, which is 13% 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%.

Keywords: rebounders mattel inc

Ticker(s): MAT