Barbie the Coder is Hot and Deceptive

Barbie has just taken up coding and I hear she is working on a HFT program that will push Mattel ($MAT) stock higher. It is clear that she understands how to get the technicians involved. While in development the stock has been in an ever tightening symmetrical triangle. The SMA’s have moved to being flat and several of them are crossing. With that backdrop there is a rising RSI and MACD to entice you, if the ‘full figured’ Barbie as a coder is not enough. A move over 39.75 would seal the deal. From there resistance may come at 40.80 and then there is a gap to fill to 42.50. If you do not want to wait, the July 39 Calls were offered Wednesday afternoon at $1.05, for a defined risk trade. Or to give it a bit more time the August 39/July 41 Call Diagonal is about the same cost.

mat

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