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Marsh & McLennan Crosses Above its 10-day MA (MMC)

By Amy Schwartz

Marsh & McLennan (NYSE:MMC) shares have crossed bullishly above their 10-day moving average of $77.11 on a volume of 285K 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.

Over the past year, Marsh & McLennan has traded in a range of $50.81 to $77.87 and is now at $77.26, 52% above that low. 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 3.3%. 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