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Marsh & Mclennan Bearish Moving Average Crossover Alert (MMC)

By David Diaz

Marsh & Mclennan (NYSE:MMC) crossed under its 10-day moving average of $81.99 on a volume of 168K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Marsh & Mclennan share prices have been bracketed by a low of $76.68 and a high of $86.54 and are now at $81.51, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Marsh & Mclennan. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marsh & Mclennan in search of a potential trend change.

Keywords: moving crosses marsh & mclennan

Ticker(s): MMC