Mattel Inc (MAT) “On a long-term technical basis, the stock (MAT) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 12.20 and 11.48. If the stock breaks down through support at 12.20 then it will probably continue lower to 11.48. The stock has resistance at 14.88. The 200-day moving average is at 10.86. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 12.20 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (79.01).”

Mattel Inc (MAT) “On a long-term technical basis, the stock (MAT) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 12.20 and 11.48. If the stock breaks down through support at 12.20 then it will probably continue lower to 11.48. The stock has resistance at 14.88. The 200-day moving average is at 10.86. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 12.20 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (79.01).”