On Wednesday, Mattel reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 81, an increase from 74 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs.
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Mattel is working on a flat base with a 22.64 buy point. See if the stock can move above key moving averages and then clear the breakout price in heavy trading.
MAT Earnings
While EPS growth fell in the company's most recent quarterly report from 0% to -44%, revenue rose -12%, up from -22% in the prior report. Keep an eye out for the company's next round of numbers scheduled for later today.
Mattel holds the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group.
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