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Marsh & Mclennan Bearish Moving Average Crossover Alert (MMC)

By Amy Schwartz

Marsh & Mclennan (NYSE:MMC) shares have crossed bearishly below their 10-day moving average of $79.49 on a volume of 490K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Marsh & Mclennan share prices have moved between a 52-week high of $81.00 and a 52-week low of $62.33 and are now trading 25% above that low price at $78.01 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Marsh & Mclennan on May 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.41. Since that recommendation, shares of Marsh & Mclennan have risen 7.8%. 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