Marriott International, Inc. : back on a significant threshold
Entry price | Target | Stop-loss | Potential |
---|
$70.93 |
$0 |
$69.45 |
-100% |
---|
The USD 70.7 support area is currently tested
The famous American hotel group owns strong fundamentals. Earnings estimates for the next year are regularly revised upward by analysts. The company enjoys a good business predictability and rather a good valuation.
In the past few sessions, Marriott International shares have suffered from a sharp fall and are now coming back to significant level support (moreover, the stock has been significantly oversold). This is why the situation gives credit to a technical rebound. Thus the stock could find new energy and active investors should open long positions and aim the USD 73.85 resistance.
A stop loss order should be set at USD 68 to avoid heavy losses.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.