Marriott International Rises 1.48% on Heavy Volume: Watch For Potential Pullback
Marriott International (NYSE:MAR) traded in a range yesterday that spanned from a low of $67.23 to a high of $68.06. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $67.87 on volume of 836,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Marriott International share prices have moved between a 52-week high of $81.55 and a 52-week low of $56.43 and are now trading 20% above that low price at $67.93 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 is tracking the current trend status for Marriott International and will alert subscribers who have MAR in their portfolio or watchlist when shares have changed trend direction.
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