• Return to Headlines

Look for Shares of Mattel Inc to Potentially Rebound after Yesterday's 2.41% Sell Off

By Shiri Gupta

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.

In the past 52 weeks, shares of Mattel Inc have traded between a low of $12.21 and a high of $21.67 and are now at $16.86, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 1.74% higher over the past week, respectively.

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.

Keywords: rebounders mattel inc

Ticker(s): MAT