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4 Important Post-Earnings Stock Charts

Now that the news has been dropped, take a look at the charts to get a grip on what might come next.

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Post-Earnings Stock Charts: Mattel (MAT)

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Apparently, it’s not all fun and games at toymaker Mattel (MAT). The company reported lower sales and a disappointing loss of 3 cents per share, coming in well below expectations for a positive 9 cents per share. Mattel cited a “challenging” retail environment for the setback.

Not surprisingly, MAT’s stock charts also indicate a challenging course ahead for the intermediate term (six weeks to nine months).

At the April 17 close, a bearish descending continuation triangle appeared on MAT’s chart, signaling a downward course for the next several weeks.

MAT’s descending continuation triangle put a downside target for the stock at $33.40 to $34.20, which is expected to resolve in approximately 25 trading days. A move to these targets represents share prices that are 9% to 10% lower than current levels.

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