Monday Breakout Trade Alert (2/26/24)

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Today, we’re looking at Marriott International (NASDAQ: MAR).

The hotel company price action is forming a bit of a consolidation pattern after a strong run.

However, a recent Form 4 filing revealed that an insider recently sold $4.9 million worth of shares. It might be important, or it might not be.

Regardless, for an entry point we’re looking for the price to break above the resistance line. If it does, then I would consider entering.

Trade Idea:

21 JUN 24 $260 CALL