Bearish Moving Average Cross by Marriott International (MAR)
Marriott International (NYSE:MAR) crossed under its 10-day moving average of $72.84 on a volume of 247K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Marriott International has traded in a range of $56.43 to $81.55 and is now at $72.62, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Marriott International on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.44. Since that recommendation, shares of Marriott International have risen 5.3%. We continue to monitor MAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Marriott International