• Return to Headlines

Bullish Moving Average Cross by Omnicom Group (OMC)

By Nick Russo

Omnicom Group (NYSE:OMC) crossed over its 10-day moving average of $84.26 on a volume of 341K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Omnicom Group have traded between a low of $65.85 and a high of $84.89 and are now at $84.73, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Omnicom Group on April 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.96. Since that recommendation, shares of Omnicom Group have risen 10.6%. We continue to monitor OMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC