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Technical Analysis: Hotel Giant Could Be Attempting a Breakout
David Russell
December 1, 2022

Marriott has gone essentially nowhere since the pandemic began almost three years ago. But now the hotel giant could be getting ready to move.

The first pattern on today’s chart is the tight consolidation over the past three weeks. Notice how MAR has stayed above its 200-day moving average. It’s a change from August and September, when prices were trapped below the 200-day MA.

There’s also a …

For more, please click here to view the related idea and chart analysis on TradingView.

Marriott International (MAR), daily chart with selected patterns and indicators, courtesy of TradingView.

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.