Mattel stock had its Relative Strength (RS) Rating upgraded from 71 to 86 Wednesday. The toy maker has benefitted from licensing and partnership with Warner Bros. from the box-office success of "Barbie" movie.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Mattel Stock A Buy?
Mattel stock is building a flat base with a 22.64 buy point. See if the toy maker can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth dropped in the most recent quarter from 0% to -44%. But sales moved higher, from -22% to -12%. The Barbie maker is expected to report its latest performance numbers on or around Oct. 25.
Mattel stock holds the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Other toy makers in this group include Hasbro and Funko.
