Hotel Stocks Could Be Breaking Out
Despite last week’s sharp drop in the market, one group tried to break out: Hotel stocks like Marriott.
The main pattern on today’s chart is the high-volume rally and breakout April 13-20. The move followed comments by airlines like
Delta Air Lines, American Airlines and 
United Airlines about strong post-pandemic demand for travel.
Second, notice how prices bounced a the 200-day simple moving average (SMA) in December and March. The stock then found buyers at the 100-day SMA in mid-April. Holding faster moving averages suggests that the trend is starting to accelerate.
Third, MAR remained near its highs and was mostly immune to the volatility in other corners of the market earlier this year. (See the relative strength in yellow.)
Traders may now watch the price zone between roughly $168 and $173 because it was a consolidation area in late March. The 50-day SMA could also become potential support.
Finally, it’s noteworthy that related companies like Hilton,
Wyndham Hotels & Resorts and 
Host Hotels have similar patterns. That suggests investors are starting to build positions across the industry before the summer vacation season gets underway.
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Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
The main pattern on today’s chart is the high-volume rally and breakout April 13-20. The move followed comments by airlines like
Delta Air Lines, American Airlines and United Airlines about strong post-pandemic demand for travel.Second, notice how prices bounced a the 200-day simple moving average (SMA) in December and March. The stock then found buyers at the 100-day SMA in mid-April. Holding faster moving averages suggests that the trend is starting to accelerate.
Third, MAR remained near its highs and was mostly immune to the volatility in other corners of the market earlier this year. (See the relative strength in yellow.)
Traders may now watch the price zone between roughly $168 and $173 because it was a consolidation area in late March. The 50-day SMA could also become potential support.
Finally, it’s noteworthy that related companies like Hilton,
Wyndham Hotels & Resorts and Host Hotels have similar patterns. That suggests investors are starting to build positions across the industry before the summer vacation season gets underway.TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
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