The Relative Strength (RS) Rating for Marriott International jumped into a new percentile Thursday, with an increase from 77 to 81.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest price moves.
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Marriott International has risen more than 5% past a 255.32 entry in a second-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Marriott International showed 7% EPS growth in the latest quarterly report, while sales growth came in at 6%.
Marriott International earns the No. 3 rank among its peers in the Leisure-Lodging industry group. Atour Lifestyle Hldgs ADR is the top-ranked stock within the group.
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