Marriott International, Inc. : back on a significant threshold
By Théo de Beublain
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$70.93 | US$0 | US$69.45 | -100% |
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.