Mattel: The Winning Streak Continues (MAT)

Published on Tue, 03/12/2013 - 14:15
By Peter Chu in 52 Week high-lows, mat, 52 week high/lows, mattel, nyse:mat

Mattel (NYSE:MAT) traded today at a new 52-week high of $41.78. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Mattel (NYSE:MAT) has potential upside of 5.6% based on a current price of $41.65 and analysts' consensus price target of $44.00. The stock should discover initial support at its 50-day moving average (MA) of $38.81 and subsequent support at its 200-day MA of $35.83.

In the past 52 weeks, shares of Mattel have traded between a low of $30.15 and a high of $41.78 and are now at $41.65, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

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.

By Peter Chu
pchu@fnno.com

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