Leisure Travelers May Have Moved Marriott Stock as High as it Can Go
Marriott Stock Should Stay on Your Watchlist For Now After delivering a strong earnings report, shares of Marriott International (NASDAQ: MAR) are trading above its 52-week high. The relative strength index (RSI) suggests that the rally in MAR stock may be ready to reverse. Depositphotos.com contributor/Depositphotos.com - MarketBeat And that bearish sentiment is being echoed by the 13 analysts tracked by MarketBeat. The stock is trading about 13% above the consensus target. However, there are two sides to a story. And in the two days, since the company reported earnings, Marriott has received two price target increases. And although both of those analysts keep MAR stock below its current price, investors should pay close attention to see if further upgrades are in the offing. This is creating an interesting dynamic for investors. On the one hand, the stock looks overvalued; on the other hand, technical indicators point to the stock going higher....
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