Marriott's most recent trend suggests a bullish bias. One trading opportunity on Marriott is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 17.65% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $8.50 would be incurred if the stock dropped below the $100.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Marriott is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Marriott is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Marriott
World Series Champion Paul O'Neill Challenges Starwood Preferred Guest (SPG) Member to a Home Run Hitting Contest – and Comes in Second
Tue, 17 Oct 2017 21:31:00 +0000
BETHESDA, Md., Oct. 17, 2017 /PRNewswire/ — In the chance of a lifetime for any passionate baseball fan, one lucky member of Starwood Preferred Guest (SPG), an award-winning loyalty program from Marriott International, got to form a team and slug it out against baseball legend Paul O'Neill in a home run hitting contest. There was a surprising and humorous twist in the final round as O'Neill took his swings with a plastic bat and ball to level the playing field. Patrick Annello used the SPG Starpoints he earned to bid and win the “Go to Bat with Paul O'Neill” master class.
Marriott Announces Ed Ryan to Retire as General Counsel
Tue, 17 Oct 2017 16:30:00 +0000
BETHESDA, Md., Oct. 17, 2017 /PRNewswire/ — Following a distinguished career of over 21 years, the last 11 years as general counsel, Marriott International, Inc. (MAR) announced today that executive vice president and general counsel Ed Ryan will retire from the position. Ed will continue as general counsel through early December, at which point he'll transition to an advisory role to company president and CEO, Arne Sorenson, through 2018. “Ed has been a trusted advisor from the moment we met both joining the company in 1996 – but particularly since I took on the CEO role,” said Sorenson.
Groundbreaking for Courtyard by Marriott in downtown Winston-Salem set for next month
Tue, 17 Oct 2017 14:39:47 +0000
Construction will soon begin on a new five-story, 126-room Courtyard by Marriott in downtown Winston-Salem at 640 W. Fourth St., between Foothills Brewery and the Center City West parking deck. Developer Commercial Realty Advisors of Winston-Salem, working in partnership with Clarendon Properties of Wilmington on the $18 million project, made the announcement Tuesday morning. Engineering work will be done by Stimmel & Associates of Winston-Salem.
Microsoft adding Marriott CEO, former Commerce Secretary to board
Mon, 16 Oct 2017 21:48:23 +0000
Microsoft on Monday revealed its newest board nominees: Marriott CEO Arne Sorenson and former U.S. Commerce Secretary Penny Pritzker.
Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal
Mon, 16 Oct 2017 05:20:06 +0000
Aramark said it would pay Avendra $1.35 billion, or $1.05 billion in net purchase price after adjusting for anticipated tax benefits. AmeriPride's purchase price of $1 billion came in at $850 million after adjusting for anticipated tax benefits, Aramark said. Separately, Marriott, which owns a 55 percent stake in Avendra, said it would receive about $650 million from the sale.
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