Marriott International eyes significant rally as it approaches historical highs
As major companies like Marriott, Netflix, and Amazon test their historical highs, market watchers are keenly anticipating potential price surges.
Publicado: 05-02-2025 12:19
Marriott International is currently challenging its historical highs at $295.45. Traders should pay close attention to a potential close above this price level, as it could lead to a rally with an unimpeded trajectory towards the $330 mark.
Meanwhile, Netflix is breaking through the resistance at $999. The Nasdaq-listed company may be forming a flag pattern—a continuation figure—which suggests that we could witness a further push towards the $1,100 level.
In another significant development, Amazon has surpassed its historical highs. This movement confirms a reversal in its 200-day moving average, indicating that an extension of the upward momentum to around $260 is highly probable.