|
MATTEL INC
(MAT-NYSE):
Technical Viewpoint: From a low
of $18.02 on Nov 11, 2002 prices
rallied, reaching a
high of $21.35
on Dec 2, 2002. A
decline saw prices pull back, reaching a
low of
$18.67 on Dec 30, 2002.
Another rally saw prices penetrate
resistance, closing 2/5/03
at $20.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 13, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.63. Resistance: Is at $21.35.
Point & Figure: Reversed to the upside on Feb 5, 2003. A P&F upside
reversal takes place at $19.95. Summary: Technical indicators have turned bullish. BUY! MATTEL INC
(MAT-NYSE) @ $21.25 Stop: Use a protective stop of $19.75.
MATTEL INC is currently trading @ $20.99 plus $0.67 on Feb 5, 2003. Price Objective:
$31.00. Risk/Reward: $1.50 VS. $9.75. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$31.00
Risk/Reward:
$1.50 VS. $9.75
Risk/Reward Ratio:
6:1
|
