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Mattel Inc Falls 2.42% 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 $13.93 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.

Over the past year, Mattel Inc has traded in a range of $12.71 to $123.45 and is now at $14.30, 13% above that low. 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%.

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.

Keywords: rebounders mattel inc

Ticker(s): MAT