• Return to Headlines

Bullish Moving Average Cross by Omnicom Group (OMC)

By Shiri Gupta

Today, shares of Omnicom Group (NYSE:OMC) have advanced above their 10-day MA of $84.30 on a volume of 123K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Omnicom Group share prices have moved between a 52-week high of $87.50 and a 52-week low of $64.12 and are now trading 32% above that low price at $84.44 per share. Over the past week, 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