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Bearish Moving Average Cross by Marsh & Mclennan (MMC)

By Amy Schwartz

Marsh & Mclennan (NYSE:MMC) shares have crossed bearishly below their 10-day moving average of $102.37 on a volume of 179K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Marsh & Mclennan have traded between a low of $74.30 and a high of $103.36 and are now at $102.02, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Marsh & Mclennan on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.88. Since that recommendation, shares of Marsh & Mclennan have risen 26.9%. We continue to monitor MMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses marsh & mclennan

Ticker(s): MMC