In a welcome move, Mattel saw its Relative Strength Rating rise from 69 to 74 on Wednesday, thanks to recent positive action.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Mattel can continue to show renewed price strength and hit that benchmark.
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Mattel is not currently showing a potential buy point. In fact it is on the 4th straight up day, so extended. See if the stock goes on to form a sound pattern that could kick off a new price move.
The company showed 0% EPS growth last quarter. Sales rose -22%. The next quarterly numbers are expected on or around Jul. 26.
The company earns the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group.
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