Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Mattel’s stock (MAT) rose in the intraday levels, managing to pierce the downward correctional trend line in the medium term, thus gathering positive momentum and trespassing the resistance of the 50-day SMA, and accompanied by a surge in trading volumes, thus shaking off negative pressures.
Therefore we expect more gains for the stock, targeting the resistance of 19.90, provided the support of 18.00 holds on.
Expected trend for today: Bullish