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Watch for Marriott Intl-A to Potentially Pullback After Gaining 2.26% Yesterday

By James Quinn

Marriott Intl-A (NASDAQ:MAR) traded in a range yesterday that spanned from a low of $134.46 to a high of $137.55. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $134.28 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Marriott Intl-A have traded between a low of $60.87 and a high of $149.21 and are now at $136.49, which is 124% 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%.

SmarTrend is tracking the current trend status for Marriott Intl-A and will alert subscribers who have MAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders marriott intl-a

Ticker(s): MAR