Marriott Pulls Back Following RallyMarriott InternationalBATS:MARTradeStationMarriott rallied last month and now it’s pulled back. The first pattern on today’s chart is the surge to a new record high above $300. The move followed better-than-expected earnings and revenue on November 4, which may reflect improved fundamentals in the hotel stock. Second is July’s peak of $283.75. MAR bounced at that level in mid-November and may be trying to hold it again this week. Has old resistance become new support? Third, MAR made a higher high on Wednesday and a lower low compared with the previous session. That bullish outside day could suggest its recent slide is ending. Fourth, stochastics have dipped toward oversold territory. Finally, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in July. It’s stayed there since and is now expanding away from the slower SMA. That may potentially represent the start of a longer-term uptrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.