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Bullish Moving Average Cross by Omnicom Group (OMC)

By James Quinn

Omnicom Group (NYSE:OMC) shares have crossed bullishly above their 10-day moving average of $70.36 on a volume of 2.6 million shares. This may provide short-term investors a chance 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 $83.34 and a 52-week low of $65.32 and are now trading 13% above that low price at $73.52 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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