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Marsh & Mclennan Crosses Below its 10-day MA (MMC)

By Amy Schwartz

Marsh & Mclennan (NYSE:MMC) shares have crossed bearishly below their 10-day moving average of $83.50 on a volume of 286K 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 $87.89 and are now at $83.27, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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