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

By Nick Russo

Marsh & McLennan (NYSE:MMC) traded at a new 52-week high today of $79.64. This new high was reached on below average trading volume as 197,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Based on a current price of $78.85, Marsh & McLennan is currently 3.4% above its average consensus analyst price target of $76.19. The stock should discover initial support at its 50-day moving average (MA) of $60.49 and subsequent support at its 200-day MA of $56.32.

Marsh & McLennan Companies, Inc. is a global 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

Over the past year, Marsh & McLennan has traded in a range of $50.81 to $79.64 and is now at $78.85, 55% above that low. Over the past week, 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 5.6%. We continue to monitor MMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows marsh & mclennan

Ticker(s): MMC