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Marsh & McLennan Bullish Moving Average Crossover Alert (MMC)

By Nick Russo

Marsh & McLennan (NYSE:MMC) crossed over its 10-day moving average of $66.15 on a volume of 192K 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.

In the past 52 weeks, Marsh & McLennan share prices have been bracketed by a low of $50.81 and a high of $66.96 and are now at $66.64, 31% 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 advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Marsh & McLennan on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.42. Since that recommendation, shares of Marsh & McLennan have risen 21.0%. 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