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Bearish Moving Average Cross by Omnicom Group (OMC)

By Nick Russo

Today, shares of Omnicom Group (NYSE:OMC) have crossed bearishly below their 10-day moving average of $81.30 on a volume of 226K 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, Omnicom Group share prices have been bracketed by a low of $64.12 and a high of $85.95 and are now at $80.51, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Omnicom Group and will alert subscribers who have OMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC