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SmarTrend Watching for Potential Rebound in Shares of Mattel Inc After 6.40% Loss

By Amy Schwartz

Mattel Inc (NASDAQ:MAT) traded in a range yesterday that spanned from a low of $13.59 to a high of $14.30. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $13.92 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Mattel Inc on September 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.52. Since that recommendation, shares of Mattel Inc have risen 27.5%. We continue to monitor MAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $13.94, 53% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

Keywords: rebounders mattel inc

Ticker(s): MAT