Mattel had its Relative Strength (RS) Rating upgraded from 77 to 81 Wednesday.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The score 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 best stocks typically have an RS Rating of above 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Mattel has moved more than 5% past a 20.59 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 21%, compared to 6% in the prior report. Revenue increased from -4% to 2%.
The company holds the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. JAKKS Pacific and Funko Cl A are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
