On Tuesday, Mattel reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 83, up from 80 the day before.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest climbs.
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Mattel is trying to complete a flat base with a 22.07 entry. See if it can clear the breakout price in volume at least 40% above average.
Mattel saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 21%. Revenue rose from -4% to 2%. The next quarterly results are expected on or around Apr. 23.
The company earns the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Hasbro and JAKKS Pacific 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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