Mattel, Inc., together with its subsidiaries, designs, manufactures,
and markets various toy products. The company operates in three
segments: North America, International, and American Girl. Its products
comprise fashion dolls and accessories, vehicles and play sets, and
games and puzzles. The company also publishes advice and activity books,
as well as magazines. It offers its products under the Mattel Girls and
Boys brands, including Barbie, Polly Pocket, Little Mommy, Disney
Classics, Monster High, Hot Wheels, Matchbox, Tyco R/C, CARS, Radica,
Toy Story, Max Steel, WWE Wrestling, Batman, and Superman; Fisher-Price
brands comprising Fisher-Price, Little People, BabyGear, Imaginext, Dora
the Explorer, Go Diego Go!, Bubble Guppies, Thomas & Friends, Mike
The Knight, Octonauts, Mickey Mouse Clubhouse, Disney's Jake and the
Never Land Pirates, See N Say, and Power Wheels; and American Girl
Brands, such as My American Girl, Bitty Baby, McKenna, and the newest
Girl of the Year.
To review Mattel's stock, please take a look at the 1-year chart of MAT (Mattel, Inc.) below with my added notations:
MAT has been trading sideways for the last 3 months. Over that period
of time, the stock has formed a clear resistance level at $44 (red). In
addition, the stock has also created a strong level of support at $40
(green) that has held since the end of August. At some point the stock
will have to break one of those two levels.
The Tale of the Tape: MAT has identifiable levels of support and
resistance. The possible long positions on the stock would be either on a
pullback to $40, or on a breakout above $44. The ideal short
opportunities would be on a break below $40 or on a rally up to $44.
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