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Marsh & Mclennan Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Marsh & Mclennan (NYSE:MMC) traded at a new 52-week high today of $97.00. Approximately 168,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Marsh & McLennan Companies, Inc. is a professional services firm providing advice and solutions in the areas of risk, strategy, and human capital. Marsh & McLennan offers analysis, advice, and transactional capabilities to clients worldwide.

Marsh & Mclennan (NYSE:MMC) is currently priced 5.9% above its average consensus analyst price target of $91.27. The stock should find initial support at its 50-day moving average (MA) of $93.71 and further support at its 200-day MA of $87.02.

In the past 52 weeks, shares of Marsh & Mclennan have traded between a low of $74.30 and a high of $97.00 and are now at $97.00, which is 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 0.4%.

SmarTrend is tracking the current trend status for Marsh & Mclennan and will alert subscribers who have MMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows marsh & mclennan

Ticker(s): MMC