Technical Analysis: Hotel Giant Could Be Attempting a Breakout

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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 …

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