NEW BULLISH Plays
Mattel, Inc. - MAT - close: 41.17 change: +0.57
Stop Loss: 40.40
Current Gain/Loss: unopened
Entry on March -- at $--.--
Listed on March 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.7 million
New Positions: Yes, see below
Why We Like It:
Higher payroll taxes and rising gasoline prices should be having a negative effect on consumer spending. Yet investors are not worried about a slowdown in consumer spending if shares of MAT are any sign. The stock is trading near multi-year highs and poised to breakout from a two-week consolidation pattern.
I am suggesting a trigger to open bullish positions at $41.35. If triggered our long-term target is $44.85. We may have to exercise some patience on this trade. It could take a while to get to the $45.00 level since MAT doesn't move very fast but the long-term trend is definitely higher.
Trigger @ 41.35
Suggested Position: buy MAT stock @ (trigger)