• Return to Headlines

Bullish Moving Average Cross by Omnicom Group (OMC)

By Amy Schwartz

Omnicom Group (NYSE:OMC) shares have crossed bullishly above their 10-day moving average of $85.26 on a volume of 280K 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, Omnicom Group share prices have been bracketed by a low of $64.12 and a high of $89.66 and are now at $85.37, 33% 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 0.6%.

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