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Upgrade Alert for Mattel (MAT)

By James Quinn

Mattel (NYSE:MAT) was upgraded from Neutral to Buy at Monness Crespi today. The stock closed yesterday at $31.74 on volume of 3.3 million shares, below average daily volume of 4.3 million.

Mattel share prices have moved between a 52-week high of $34.76 and a 52-week low of $19.45 and closed yesterday at 63% above that low price at $31.74 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%.

Mattel (NYSE:MAT) is currently priced 16.0% above its average consensus analyst price target of $26.67. The stock should hit resistance at its 50-day moving average (MA) of $32.60, as well as support at its 200-day MA of $26.90.

Mattel, Inc. designs, manufactures, and markets a broad variety of children's products on a worldwide basis. The Company sells its products to retailers and directly to consumers. Mattel's products include branded fashion dolls, infant and preschool products, toy cars, and electrical vehicles, among others.

SmarTrend is monitoring the recent change of momentum in Mattel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mattel in search of a potential trend change.

Keywords: analyst upgrades/downgrades mattel

Ticker(s): MAT