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Mattel Inc Set to Possibly Pullback After Yesterday's Rally of 2.64%

By Shiri Gupta

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $14.05 to a high of $14.69. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $14.62 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Mattel Inc has traded in a range of $12.21 to $19.21 and is now at $14.40, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

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