Saturday, December 17, 2016

Commentary for 12-17-2016 $MAT

UltimateAlgorithm posted a Sell signal for $MAT (Mattel Inc) this morning.

The stock has been declining down range since its August highs, and is now close to breaking down and filling a gap made on February '16 at $27.73-$28.36 price range.
One may enter a short position below $28.45 and put a stop loss at $30 (risk 5.8%) for a target of $27.70-ish (about 3% reward). Overall not a great trade, and as mentioned in my post about how the algorithm works, I usually do not place a short position when a Sell is signaled - I simply exit a Long position if one exists (one does not, for me at least).

To see general results of the algorithm click here.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)

Have a great weekend!

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