Bearish Moving Average Cross by Marsh & McLennan (MMC)
Marsh & McLennan (NYSE:MMC) crossed under its 10-day moving average of $66.33 on a volume of 272K 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, Marsh & McLennan share prices have been bracketed by a low of $50.81 and a high of $68.69 and are now at $65.76, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.
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