Mattel - Chart Analysis

Ticker Symbol: MAT

Mattel Stock Chart Analysis

Support

Mattel has benefited from improving market fundamentals this spring. Mirroring the broad-market, Mattel built support on the March 9th low. After breaking higher, Mattel tested $11 support, albeit on relatively light volume.

Resistance

The toymaker’s April bull run hit a snag mid-month, struggling to break through $15 resistance. Volume picked up markedly during the April 16 – 21 period following a dramatic move higher for MAT shares. High volume sustained the $15 resistance until MAT broke held above that mark on May 4th.

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