On Tuesday, Mattel reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest runs.
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Mattel is trying to complete a flat base with a 22.07 buy point. See if the stock can break out in heavy trade.
Earnings grew 21% last quarter, up from 6% in the prior report. Revenue also increased, from -4% to 2%. Keep an eye out for the company's next round of numbers on or around Apr. 23.
The company holds the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. JAKKS Pacific and Hasbro are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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