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Bullish Moving Average Cross by Omnicom Group (OMC)

By Shiri Gupta

Omnicom Group (NYSE:OMC) shares have crossed bullishly above their 10-day moving average of $78.31 on a volume of 171K 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 $65.85 and a high of $85.05 and are now at $78.70, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-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