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)
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
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