On Friday the Relative Strength (RS) Rating for Marriott International (MAR) jumped into a higher percentile as it rose to 78, up from 69 the day before. The 78 reading is just a shade below the 80 RS Rating CAN SLIM investors look for in a stock to watch or buy.
Shares of travel and lodging stocks had been rising as the economy opens up from the Covid shutdown. But the omicron variation is a question mark in terms of how fast it’s transmitted and how serious its symptoms are. That could put a damper on Marriott and other stocks that had been running hot.
Marriott Stock Rose Amid Soaring Profits
Marriott’s earnings last quarter soared 662% year over year to 99 cents per share. That came on a 75% jump in revenue to $3.95 billion. After seeing profits plunge last year and early this year, Marriott reversed to the upside last spring as Q2 earnings climbed 239%.
Meanwhile, the 78 RS Rating means that Marriott stock has outperformed 78% of all stocks over the past year. Top stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Marriott International can continue to show renewed price strength and clear that threshold.
Institutional investors are bullish on prospects and Marriott stock has a B- Accumulation/Distribution Rating on an A+ to E scale. That indicates moderate buying by mutual funds, insurance companies and other big investors.
Marriott stock rose sharply late last year and early this year on prospects for rising travel amid economic recovery. Full recovery has not materialized and its stock has moved sideways in recent months. Marriott was down fractionally Friday afternoon, to 149.90. See if the stock goes on to offer a fresh buying opportunity such as a three-weeks-tight base or a bounce off its 50-day or 10-week line.
Other Highly-Rated Peers In Lodging Group
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
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