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Marriott International Is at an Investing Crossroads

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Hotelier Marriott International (MAR) reported an earnings and revenue beat Tuesday morning with stronger forward guidance. The shares were pointed higher so let’s check out the charts and indicators.

In this daily bar chart of MAR, below, we can see that prices have rallied to the 200-day moving average line. Just as the 200-day moving average line can act as support on pullbacks in an uptrend, the underside of the 200-day line can at times act as resistance. The slope of the 50-day moving average line is bottoming.
The On-Balance-Volume (OBV) line shows improvement in July. The Moving Average Convergence Divergence (MACD) oscillator has moved above the zero line for a new outright buy signal.
In this weekly Japanese candlestick chart of MAR, below, we can see that prices have rallied to the underside of the 40-week moving average line after finding buying interest (support) around the $130 area. The weekly OBV line shows improvement in July while the MACD oscillator has narrowed towards a cover shorts buy signal.
In this daily Point and Figure chart of MAR, below, we can see that prices have reached a target in the $152 area.
In this weekly Point and Figure chart of MAR, below, we see a price target in the $218 area.
Bottom line strategy: The charts of MAR are at a crossroad – the intersection of the 200-day moving average line. A strong close above this line will improve the picture but a failure at the line will favor the bears.