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Possible Bearish Inside Day Candle Pattern Detected for Marriott Vacatio (NYSE:VAC)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Marriott Vacatio (NYSE:VAC) based on the price action in the company's shares. Yesterday's price range of $103.02 and $103.75 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Marriott Vacatio may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Marriott Vacatio (NYSE:VAC) has potential upside of 47.9% based on a current price of $103.92 and analysts' consensus price target of $153.67. The stock should discover initial support at its 200-day moving average (MA) of $97.47 and subsequent support at its 50-day MA of $96.08.

Over the past year, Marriott Vacatio has traded in a range of $60.68 to $138.46 and closed yesterday at $103.92, 71% above that low. The 200-day and 50-day moving averages have moved 0.15% lower and 0.91% higher over the past week, respectively.

Marriott Vacations Worldwide Corporation is a worldwide developer, marketer, seller, and manager of vacation ownership resorts and vacation club, destination club, and exchange programs. The Company focuses on selling vacation ownership products, managing resorts, financing consumer purchases of vacation ownership products, and renting vacation ownership inventory.

SmarTrend is monitoring the recent change of momentum in Marriott Vacatio. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marriott Vacatio in search of a potential trend change.

Keywords: bearish am inside day candle marriott vacatio

Ticker(s): VAC