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After Yesterday's Rally of 1.38% Shares Could Potentially Pullback

By Amy Schwartz

Marriott Intl-A (NYSE:MAR) traded in a range yesterday that spanned from a low of $133.60 to a high of $135.27. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $135.18 on volume of 314,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Marriott Intl-A on August 31st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.58. Since that recommendation, shares of Marriott Intl-A have risen 28.7%. We continue to monitor MAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Marriott Intl-A share prices have been bracketed by a low of $60.87 and a high of $135.27 and are now at $135.20, 122% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

Keywords: rebounders marriott intl-a

Ticker(s): MAR