Market Overview

Why Hasbro Is Toying With Barbie

Share:
Why Hasbro Is Toying With Barbie
Related HAS
Insider Buys Of The Week: GE, Hasbro, Tesla
10 Biggest Price Target Changes For Tuesday
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of MCHP, TGTX, ... (GuruFocus)
Related MAT
8 Stocks Moving In Thursday's After-Hours Session
Mattel's Q3 Earnings Preview
Toy stocks in the spotlight ahead of holidays (Seeking Alpha)

Last year, one of our favorite pair trades posted on our Blog was the Long Hasbro, Inc. (NASDAQ: HAS) and Short Mattel, Inc. (NASDAQ: MAT) and that was closed out with a very nice gain. Flash forward to April this year, in our article titled, "Monopoly 'HAS' A Get Out Of Jail Free Card." We discussed that this Pair Trade idea had opened back up again after the two toy makers price action against each other revealed a Relative Strength breakout.

hasmat_4_18_16.png
It's time to take a look again and give you an update on where this stands. Over the last couple of weeks, the trade is up almost 7 percent -- not bad for a hedged position. If you think about it, annualized that is an almost 40 percent gain! At this point in time, this spread trade is still actionable.
Take a look at the updated chart where you'll see two beautiful breakaway gap ups with some very nice MOMO and after a brief pullback, the Relative Strength is STILL climbing for Hasbro.

John Butcofski & Kimberly Swartz
Captain John Charts
benzinga_cjcblogo3.jpg
Stock chart: 
Stock chart

Posted-In: Long Ideas Short Ideas Technicals Trading Ideas Best of Benzinga

 

Related Articles (HAS + MAT)

View Comments and Join the Discussion!

Disney's Outlook Isn't As Bad As Results Look, According To Deutsche Bank

Turning Point Brands Prices IPO At $10.00 A Share