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TMCNet:  Downgrade Alert for Mattel (MAT)

[April 05, 2013]

Downgrade Alert for Mattel (MAT)

Apr 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Mattel (NYSE:MAT) was downgraded from Buy to Hold at Keybanc today. The stock closed yesterday at $43.28 on volume of 1.8 million shares, below average daily volume of 2.2 million. 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.


Mattel has overhead space with shares priced $43.28, or 1.6% below the average consensus analyst price target of $44.00. The stock should find initial support at its 50-day moving average (MA) of $40.84 and further support at its 200-day MA of $36.81.

In the past 52 weeks, shares of Mattel have traded between a low of $30.15 and a high of $44.25 and closed yesterday at $43.28, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Mattel on July 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.89. Since that recommendation, shares of Mattel have risen 27.7%. We continue to monitor MAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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