Saxo Group Videos

So a difficult time for the company last week and the firm's stock price fell around 8% on the week. From a technical perspective Serge says the stock fell out of a 'Wedge' formation and out of the 2009 uptrend for first time ever.

So Serge suggests the following trade:

 

Short Mattel stock:

36.50 USD

Target: 33.00 USD

Stop: 38.00 USD

Disclaimer

Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.

Please read our notification on

Non-independent investment research disclaimer

Full disclaimer