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Bearish Moving Average Cross by Marsh & Mclennan (MMC)

By Amy Schwartz

Today, shares of Marsh & Mclennan (NYSE:MMC) have crossed bearishly below their 10-day moving average of $81.11 on a volume of 203K 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 $86.54 and a 52-week low of $74.52 and are now trading 7% above that low price at $80.10 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.38% lower over the past week, respectively.

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