The downward movement should continue on the stock, which is testing a mid-term support.

Profit for 2014 and 2015 was regularly revised downward by analysts covering the stock.

The security follows a downward trend in all time scale. The selling pressure is still present on the stock that has broken an important weekly support at USD 35.15. Below this level, we expect a continuation toward the long term support currently at USD 31.25.

Thanks to the technical pattern and Mattel’s weak fundamentals, active investors can take a short position below USD 34.7. The downside potential fix a target at USD 31.25. However, a bullish trend would regain the upper hand if the security crosses USD 35.3.