Sector Watch

Play of the Day
Current Plays
Watch List
New Plays
Play Updates

Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101

Play Results
Split Predictions

Ask the Trader
Trading 101
Dow Charts

SEC Filings
Coming Economic Events
BoD Meetings

Chat Room
Message Boards

Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

Play of the Day (For Friday)
Interactive Chart
Thursday, March 15, 2001

MAT - Mattel, Inc. $18.55 +0.45 (+0.09)

Thursday's Comment:

Mattel hit an all-time high of $46.56 on 3/16/98. The stock then sold off the subsequent two years, hitting a low of $8.93 on 3/10/00. Since then, MAT has made significant changes, which have made a world of difference. The company has hired a new CEO and absorbed the cost of its poor acquisition of The Learning Company. Over the past year, MAT's net income from continuing operations has increase 63 percent while its stock price has appreciated 90 percent. MAT traded to a 52-week high of $18.84 last week, and on Thursday, the stock closed at its intra-day high of $18.55. We believe that MAT could continue to climb higher due to its strong momentum and improving fundamentals. From a technical standpoint, support is the 5-dma at $18.34 with stronger support at $17.78, the 10-dma. Resistance is the 52-week high of $18.84 and then possibly $19.50 or $20. Traders may consider entry points on a bounce off of $18.34 or a breakout above $18.84 on volume greater than 1.2 million shares by noon. We are placing stops at $17 as downside protection.

Picked on March 15th @ $18.55
Change since picked +0.00
Stop Loss @ $17.00

Play of the Day Index


Copyright 2001

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service