DailyPlay – Marriott International Inc (MAR) – September 30th, 2021

View MAR Trade

The bullish DailyPlay for Thursday, September 30th is Marriott International (MAR). MAR is part of the Consumer Discretionary Sector that has pulled back 0.39% in the last month.

Technical View

• Breakout of descending trendline and recent pullback provides a good risk/reward long entry.
• Strong Technical Score – 8 out of 10
• Bullish 1M and 6M trends

Fundamental View

• Pent up travel and lodging demand provides positive outlook for revenue growth.
• Sufficient liquidity and financial flexibility should see MAR recover to high single digit revenue growth.
• Earnings: Nov 5 (36 Days)

View MAR Trade

Market Observations

• SPOT – Currently trading below the 100 Day & Week MA while strength declines, look for bearish entries while price is maintained below $225
• TDOC – Break below $132 major support. This opens the door for a significant decline to $88. 
• GIS – Momentum is slowly increasing following a bounce off the 100 Week MA, look for bullish entries above $60.50 which is above the 100 Day MA