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Look for Shares of Mattel Inc to Potentially Rebound after Yesterday's 1.80% Sell Off

By James Quinn

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $13.58 to a high of $14.01. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $13.92 on volume of 1.5 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 July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $15.23. Since that call, shares of Mattel Inc have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Mattel Inc share prices have been bracketed by a low of $12.21 and a high of $19.21 and are now at $13.70, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

Keywords: rebounders mattel inc

Ticker(s): MAT