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Marriott International Crosses Above its 10-day MA (MAR)

By Shiri Gupta

Today, shares of Marriott International (NYSE:MAR) have crossed bullishly above their 10-day moving average of $102.98 on a volume of 386K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Marriott International share prices have moved between a 52-week high of $104.52 and a 52-week low of $56.43 and are now trading 83% above that low price at $103.25 per share. Over the past week, 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 April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.26. Since that recommendation, shares of Marriott International have risen 9.1%. 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

Ticker(s): MAR