IBD Rating Upgrades: Mattel Shows Improved Price Strength

Mattel (MAT) had its Relative Strength (RS) Rating upgraded from 68 to 72 Friday — a welcome improvement, but still below the 80 or better score you look for.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks compares to the rest of the market.

History shows that the best-performing stocks tend to 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.

Looking For The Best Stocks To Buy And Watch? Start Here

Mattel is trying to complete a double bottom with a 22.81 entry. See if it can break out in heavy volume.

Mattel reported -11% earnings growth in its most recent report, while sales growth came in at 8%.

Mattel earns the No. 2 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Mattel (MAT) and Jakks Pacific (JAKK) are also among the group’s highest-rated stocks.


Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post