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Marriott International Rises 1.23% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Marriott International (NYSE:MAR) traded in a range yesterday that spanned from a low of $104.64 to a high of $106.31. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $105.31 on volume of 666,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Marriott International has traded in a range of $56.43 to $110.51 and is now at $105.75, 87% above that low. 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%.

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

Keywords: rebounders Marriott International

Ticker(s): MAR