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Mattel Inc Falls 1.74% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $13.98 to a high of $14.70. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $14.26 on volume of 6.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Mattel Inc share prices have been bracketed by a low of $9.11 and a high of $17.27 and are now at $14.65, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Mattel Inc and will alert subscribers who have MAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders mattel inc

Ticker(s): MAT