Today's Technical View on Mattel, Hasbro, Coca-Cola Enterprises, and Molson Coors
LONDON, April 22, 2013 /PRNewswire/ --
Emerging markets have been the key growth driver for consumer goods sector. Rising income levels in emerging economies have boosted demand for consumer goods. This trend is expected to continue over the next few years as developed economies struggle. The consumer goods sector edged higher on Friday, tracking gains in the broad market, which bounced back sharply after posting losses in the previous two trading sessions. Among the major movers in the consumer goods sector on Friday were Mattel Inc. (NASDAQ: MAT), Hasbro Inc. (NASDAQ: HAS), Coca-Cola Enterprises Inc. (NYSE: CCE), and Molson Coors Brewing Company (NYSE: TAP). StockCall initiated free in-depth technical analysis on MAT, HAS, CCE, and TAP which are currently available upon sign up at
http://www.stockcall.com/research
Shares of Mattel Inc. edged higher on Friday; however, the gains were limited. The stock rose to an intra-day high of $44.06 before finishing the day 0.07% higher at $44.01 on above average volume of 3.02 million. Mattel's shares gained nearly 2.40% in the last three trading sessions even as the broad market struggled. The stock is currently trading close to its 52-week high of $45.37. Shares of MAT have gained more than 21.20% so far in 2013, outperforming the S&P 500, which gained more than 9% in the same period. Sign up for the free technical analysis on MAT at
http://www.StockCall.com/MAT042213.pdf
Shares of rival toymaker Hasbro Inc., meanwhile, rose sharply in Friday's trading session. The stock touched an intra-day high of $45.12 before finishing the day 1.53% higher at $45.02 on above average volume of 1.39 million. Hasbro's shares have had an excellent run so far in 2013, gaining more than 25%. The stock is trading close to its 52-week high of $45.54. Shares of HAS are currently trading well above their 50-day and 200-day moving averages, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Download the free report on HAS by registering at
http://www.StockCall.com/HAS042213.pdf
Coca-Cola Enterprises Inc. shares edged higher on Friday. The stock rose to an intra-day high of $37.19 before finishing the day 1.18% higher at $37 on volume of 1.30 million. Despite the gains on Friday, the company's shares have fallen more than 1% in the last three sessions. Year-to-date, however, the stock is still up more than 17%, outperforming the S&P 500. Shares of CCE are currently trading 1.70% below their 52-week high. The stock has been facing resistance at around $37.50. The free report on CCE can be downloaded by signing up now at
http://www.StockCall.com/CCE042213.pdf
Shares of Molson Coors Brewing Company rallied in Friday's trading session, reversing their losses from the previous two trading sessions. The stock rose to an intra-day high of $52.68 before finishing the day 5.94% higher at $52.65 on above average volume of 2.53 million. Molson Coors' shares are hovering around their 52-week high of $52.93. The stock broke through $52 resistance level on Friday, which is a strong bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. Shares of TAP are also trading well above their 50-day and 200-day moving averages. Free report on TAP can be accessed by registering at
http://www.StockCall.com/TAP042213.pdf
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