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Bearish Moving Average Cross by Marsh & McLennan (MMC)

By Shiri Gupta

Today, shares of Marsh & McLennan (NYSE:MMC) have crossed bearishly below their 10-day moving average of $67.78 on a volume of 328K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Marsh & McLennan share prices have moved between a 52-week high of $68.69 and a 52-week low of $50.81 and are now trading 32% above that low price at $67.03 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Marsh & McLennan and will alert subscribers who have MMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses marsh & mclennan

Ticker(s): MMC