HAS and MAT (Longs)...

I only did two picks over the weekend, so here's two tonight of interest. They're both toymakers, HAS and MAT. Both reported earnings in July, so we're good there for a little while. This is kind of a tricky situation in that I like MAT's chart better, but HAS has the upcoming catalyst for some further movement in the new GI Joe movie (which I'm totally pumped about).

MAT has the better chart because this break above $17 is very significant. It was a move above multi-month resistance (it actually dates back several months beyond what this chart shows). I'm looking to take a starter on a low-volume pullback towards $17. I like the consolidation pattern we're seeing here, like in so many other stocks.



HAS, on the other hand, has some more work to do. I like the consolidation, but it's got that high from May around $28 to overcome before it can really power higher. I would expect the upside to come harder for HAS, but the potential is there. This is another one to keep an eye on.



Position: none in stock/options, but long a bunch of GI Joes and Transformers from my youth