February 20, 2021, 10:08 pm EST
Travel and Vacation Again – Marriott (MAR)
After locking out for about a year after COVID-19 explosion, people cannot wait to get out, travel, and enjoy vacation again. Vaccines are available and COVID-19 cases are down which seems to point out more openings in the future.
Investors and traders are also betting the same thing from cruises (RCL, CCL, NCLH), hotels (LVS, MGM.WYNN, MAR, H), and travel sites (EXPE, BKNG).
Marriott (MAR) provides a nice technical setup with rectangle patterns as shown. Its stock price is ready for breaking out again. Also, its performance already paved the way for full recovery before the 2020 150-160 range. It is worth the attention to get in with sell-stop 125.
