Toy maker Mattel (MAT) is known for its long-running success story -- Barbie. With the opening success of the "Barbie" movie, let's check out the charts and indicators of MAT to see if traders and investors are serious or "just playing around."
In the daily bar chart of MAT, below, I can see that share prices have hammered out a bottom pattern since September. The shares are trading above the rising 50-day moving average line and above the bottoming 200-day line. The 50-day line crossed above the 200-day line for what is commonly called a golden cross buy signal.
The trading volume has increased the past six weeks telling me there is increasing investor interest in MAT. The On-Balance-Volume (OBV) line shows improvement since December. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but correcting.