Lead Laggards in the Nasdaq 100 Today: MAT, EXPE, ATVI, SBUX, MRVL, VRTX, NIHD, FSLR, ERTS, FLEX (Sep-6-2017)

NASDAQ Movers to the Downside Today

Mattel, Inc.
Traders are selling off shares of Mattel, Inc. today. At the end of the trading session MAT stock price plummeted by $0.52 or -3.21%. It ended the day at $15.69 per share with unusually high volume, 1.9 times more than usual. MAT sets a new 52 week low in today’s trading session at $15.60, dips below its previous record low of $24.60 set on March 22nd, 2017. MAT closed lower in 4 of the last 10 trading days. Today’s movement extends the stock’s decline from yesterday. Short term technical indicators is bearish and the stock price could accelerate lower from the current level in the medium term. Traders are recommended to wait for further confirmations to this declining trend before buying on the dip at this level. MAT is predicted to find support near $15.08 and resistance near $16.74. Mattel, Inc.’s price to earning ratio is 22.65 and has a current market cap of 5.29B. Its 52 week high is $33.77 and 52 week low is $15.60. Mattel, Inc. also has a dividend yield of 3.82% annually.

Expedia, Inc.
Traders are getting rid of their shares of Expedia, Inc. today. At the end of the trading session EXPE stock price plummeted by $3.22 or -2.18%. It ended the day at $144.39 per share with above average volume, 1.48 times more than usual. The bearish movement continues into the after market session. During after hours, EXPE is down another $0.04 or -0.03%. EXPE declined in 5 of the last 10 trading days. The decline today adds to the stock’s 2 days losing streak. Technical indicators for this stock is bearish but the stock price is likely to be range bounded between the current trading range in the short term. EXPE should find technical support near $142.48 and resistance near $145.88. Look for a pull back or buy back when the stock trades near these prices. Expedia, Inc.’s price to earning ratio is 68.36 and has a current market cap of 21.80B. Its 52 week high is $161.00 and 52 week low is $105.62. Expedia, Inc. also has a dividend yield of 0.83% on an annual basis.

Activision Blizzard, Inc.
Traders are selling shares of Activision Blizzard, Inc. today. At market close ATVI shares dropped by $1.05 or -1.61%. It closed at $64.00 per share with average volume. The bearish movement continues into the after market session. In the after market, ATVI is down another $0.25 or -0.39%. ATVI declined in 6 of the last 10 trading days. Today’s drop adds to the stock’s 3 days losing streak. Technical indicators for this stock is bullish but the stock price is likely to be range bounded between the current trading range in the short term. ATVI is finding support near $63.48 and resistance near $64.91. Watch out for a pull back or buy back when the stock trades at these support and resistance. Activision Blizzard, Inc.’s PE ratio is 43.42 and has a current market cap of 48.31B. Its 52 week high is $66.58 and 52 week low is $35.12. Activision Blizzard, Inc. also has a dividend yield of 0.47% on an annual basis.

Starbucks Corporation
Traders are selling off shares of Starbucks Corporation today. At the close of the day SBUX stock price plummeted by $0.82 or -1.49%. It ended the day at a price of $54.31 per share with average volume. The pessimism continues into the after market session. During after hours, SBUX is down another $0.19 or -0.35%. SBUX declined in 3 of the last 10 trading days. Today’s movement puts an end to the stock’s 4 days winning streak. In the short term, the trend for this stock is bullish but the stock price is likely to be limited to the current trading range in the medium term. SBUX is finding support near $53.87 and resistance near $55.02. Be careful there could be a trend reversal when the stock trades near these support and resistance. Starbucks Corporation’s PE ratio is 27.53 and has a current market capitalization of 78.42B. Its 52 week high is $64.87 and 52 week low is $50.84. Starbucks Corporation also has a dividend yield of 1.84% annually.

Marvell Technology Group Ltd.
Investors are selling off shares of Marvell Technology Group Ltd. today. At the end of the day MRVL shares plummeted by $0.23 or -1.29%. It ended the day at a price of $17.61 per share with below average volume, only 64 percent of its usual volume. MRVL closed lower in 4 of the last 10 trading days. Today’s decline adds to the stock’s 2 days losing streak. Short term technical indicators for this stock is bullish but the stock price is likely to trade around the current trading range in the near term. MRVL is finding support near $17.49 and resistance near $17.84. Be careful there could be a trend reversal when the stock hits these prices. Marvell Technology Group Ltd.’s PE ratio is 39.17 and has a current market cap of 8.73B. Its 52 week high is $18.18 and 52 week low is $12.03. Marvell Technology Group Ltd. also has a dividend yield of 1.36% on an annual basis.

Vertex Pharmaceuticals Incorporated
Investors are selling shares of Vertex Pharmaceuticals Incorporated today. At the close of the day VRTX stock price dropped by $1.99 or -1.25%. It ended the day at a price of $157.08 with average volume. VRTX ended the session negatively in 4 of the last 10 trading days. Today’s closing figure extends the stock’s decline from yesterday. In the short term, the trend for this stock is bullish but the stock price is likely to be limited to the current trading range in the near term. VRTX should find technical support near $155.73 and resistance near $159.62. Look for a pull back or buy back when the stock hits these prices. Vertex Pharmaceuticals Incorporated’s price to earning ratio is 152.04 and has a market cap of 40.39B. Its 52 week high is $167.85 and 52 week low is $71.46.

NII Holdings, Inc.
Traders are dumping shares of NII Holdings, Inc. today. At the end of the trading session NIHD shares plummeted by $0.01 or -1.17%. It ended the day at $0.59 per share with unusually low volume, only 50 percent of its usual volume. NIHD ended the session negatively in 5 of the last 10 trading days. Today’s closing figure extends the stock’s decline from yesterday. In the short term, the trend is bearish and the stock price could accelerate lower from the current trading range in the medium term. Investors are recommended to wait for further indicators to confirm this declining trend before stepping in at this level. NIHD is finding support near $0.57 and resistance near $0.63. NII Holdings, Inc.’s price to earning ratio is 0.00 and has a market cap of 60.29M. Its 52 week high is $3.63 and 52 week low is $0.36.

First Solar, Inc.
Investors are selling off shares of First Solar, Inc. today. At market close FSLR shares plummeted by $0.51 or -1.07%. It ended the day at $47.35 with unusually low volume, only 45 percent of its usual volume. FSLR closed negatively in 3 of the last 10 trading days. Today’s movement puts an end to the stock’s 2 days winning streak. Technical indicators for this stock is slightly bearish. However, major movement in the medium term is unlikely until a breakout lower is spotted. FSLR is predicted to find support near $47.06 and resistance near $47.94. Be careful there could be a trend reversal when the stock reaches these prices. First Solar, Inc.’s price to earning ratio is 0.00 and has a market cap of 4.94B. Its 52 week high is $50.21 and 52 week low is $25.56.

Electronic Arts Inc.
Investors are dumping shares of Electronic Arts Inc. today. At market close ERTS stock price plunged by $1.21 or -1.02%. It closed at $117.00 with below average volume, only 69 percent of its usual volume. The negative environment continues into the after market session. During after hours, ERTS is down another $0.1 or -0.09%. ERTS closed negatively in 6 of the last 10 trading days. Today’s drop adds to the stock’s 3 days losing streak. Short term technical indicators is bearish and the stock price could accelerate lower from the current trading range in the medium term. Investors should wait for further indicators to confirm this downtrend before buying the stock here. ERTS is finding support near $114.86 and resistance near $120.22. Electronic Arts Inc.’s price to earning ratio is 31.36 and has a market capitalization of 36.12B. Its 52 week high is $122.79 and 52 week low is $73.74.

Flextronics International Ltd.
Investors are getting rid of their shares of Flextronics International Ltd. today. At the close of the market FLEX shares plunged by $0.16 or -0.98%. It set the close at $16.24 per share with average volume. On a positive note, investors are buying back shares in after hour trading. FLEX is up so far by $0.02 or 0.10% in the after market session. FLEX closed negatively in 3 of the last 10 trading days. Today’s drop extends the stock’s decline from yesterday. In the short term, the trend for this stock is bullish but the stock price is likely to be range bounded between the current trading range in the short term. FLEX is finding support near $16.12 and resistance near $16.42. Look for a trend reversal when the stock trades at these prices. Flextronics International Ltd.’s price to earning ratio is 25.97 and has a current market cap of 8.65B. Its 52 week high is $17.76 and 52 week low is $12.41.

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