Stock Of The Day: Can 'Market Memory' Support Marriott After Earnings Miss?

Marriott International MAR shares dropped Monday following third-quarter earnings that missed expectations. Despite a decline, the stock appears to have found support at a key price level, reflecting "market memory." Sometimes, a price level that had previously been resistance can turn into a support level months later, as you can see on the Marriott chart, which is why our team of technical analysts and traders has made it our Stock of the Day. In July, Marriott's stock was trending higher as demand outpac ...