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Marsh & Mclennan Bearish Moving Average Crossover Alert (MMC)

By Shiri Gupta

Marsh & Mclennan (NYSE:MMC) shares have crossed bearishly below their 10-day moving average of $93.67 on a volume of 133K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Marsh & Mclennan has traded in a range of $74.30 to $95.82 and is now at $93.37, 26% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 0.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Marsh & Mclennan on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.88. Since that recommendation, shares of Marsh & Mclennan have risen 16.2%. We continue to monitor MMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses marsh & mclennan

Ticker(s): MMC