The Chart of the Day belongs to Marriot International (MAR). I found the stock by sorting the All Time High list of new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 8/13 the stock gained 6.79%.
MAR operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 9.44% in the last month
- Relative Strength Index 80.73%
- Barchart computes a technical support level at 70.34
- Recently traded at 71.07% with a 50 day moving average of 66.53
Fundamental factors:
- Market Cap $20.18 billion
- P/E 31.07
- Dividend yield 1.14%
- Revenue expected to grow 7.40% this year and another 8.30% next year
- Earnings estimated to increase by 25.00% this year, an additional 18.02% next year and continue to increase at an annual rate of 16.85% for the next 5 years
- Wall Street analysts issued 6 strong buy, 9 buy , 10 hold, 1 under perform and 1 sell recommendation on the stock.
Nice core holding. Use the 50-100 Day MACD Oscillator as your exit point.
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