Marriott International saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 78 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Marriott International is working on a cup pattern, with a 196.00 entry. See if the stock can break out in volume at least 40% higher than normal. It has also earned a Blue Dot on a MarketSmith chart, which is always a positive sign.
Marriott International posted 51% EPS growth in its most recent report, while sales growth came in at 33%.
The company earns the No. 1 rank among its peers in the Leisure-Lodging industry group.
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