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Watch for Mattel to Potentially Rebound After Falling 1.98% Yesterday

By Shiri Gupta

Mattel (NYSE:MAT) traded in a range yesterday that spanned from a low of $20.20 to a high of $20.70. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $20.29 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Mattel on January 27th, 2017 by issuing a Downtrend alert when the shares were trading at $26.42. Since that call, shares of Mattel have fallen 21.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Mattel share prices have moved between a 52-week high of $34.76 and a 52-week low of $19.45 and are now trading 4% above that low price at $20.28 per share. 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%.

Keywords: rebounders mattel

Ticker(s): MAT