On Fridays during the earnings season, Jim Cramer often looks ahead to the coming week and highlights a number of stocks during his Mad Money program. As an example, this Wednesday, we will hear from Marriott International Inc. (MAR) . Cramer cautioned against owning MAR because of the company's exposure to China.
Let's check out the charts.
In the daily bar chart of MAR, below, we can see that prices were weak on Friday and have slumped sharply Monday to test the slightly rising 200-day moving average line. Prices are trying to stabilize around the $135 area. If support fails to develops around $135 we are likely to see a deeper decline in the weeks ahead.
The daily On-Balance-Volume (OBV) has been stalled since late December and the Moving Average Convergence Divergence (MACD) oscillator has been hugging the zero line recently. An outright sell signal is possible soon.