MAR trade ideas
$MAR Long Idea$MAR has been bull flagging for the past three months and has just broken out of its channel. It is riding above all key moving averages (8,21 EMA + 50,200 MA) and now pushing up against $139.50-$140 resistance level , after a strong hammer with volume off 134.40 support. A break above 140 will most likely send it to test $145 then all time highs. Implied volatility is at its lowest in months making the option chain even more attractive.
MAR trading close to $150Price is getting near $150 which may act as a psychological barrier. Today's volume isn't supporting the bullish bar, which may be a bit worrying. I have been in MAR for a while now, so a break and close above 150 would be more than welcomed.
MARriott, idea was suggested by Pardis, and I took the bait nice to got inspired by other mates here, I take a chance on this one with 1.6 Fib target... R2R 1
Marriott is Running on FumesPost-2008 uptrend seems to be in its final phase. A major bearish reversal might be expected once wave (5) is over.
Marriott International Inc. (MAR) is on the rising waveThere are three reasons for MAR shares to go up:
1. On Wednesday MAR reported earnings which have beaten the expectations
2. MAR is about to close the deal on acquisition of Starwood Hotels & Resorts Worldwide which will make Marriott the world's largest hotelier
3. Technical analysis is on the bullish side
Mercurius A.M.
Mercurius.a.m@gmail.com
MAR - LongStock appears to be trading within a sideward channel between $70 - $63. Has reached the bottom of the channel, long opportunity.
Marriott Trading in Downward Channel...and looking to challenge 2012 support with little volume till PoC at $38.
MAR(Daily). Potential Head and Shoulders Top.Potential Head and Shoulders Top. Breaking Uptrend_Line.
50 200 sma CrossOver.
Attempting to break Neck_Line S/R. A sustained move below the neckline would confirm the pattern. Retest Possible.
RSI bearish. Weak Vs S&P.
MAR earnings due today - will price go higher?MAR earnings are due after the close today so I will be waiting to see how this affects price. If the move up continues there may be an opportunity to buy.
MAR was a great performer last year. After cleanly breaking the 2007 high ($52) in about February/March 2014 the up trend continued to be linear with multiple pullbacks and breakouts allowing us to add to our positions. The October pullback stopped me out but I entered again once the September high was taken out. However, since then price has been in consolidation and was too deep to keep me in the trade.
Yesterday saw price break out of the consolidation - on higher volume. But this is too early for me to consider re-entering MAR - in addition to not wanting to enter just prior to the earnings announcement. I will wait for the next buy opportunity and reassess then.
