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Omnicom Group Bearish Moving Average Crossover Alert (OMC)

By Shiri Gupta

Omnicom Group (NYSE:OMC) crossed under its 10-day moving average of $79.94 on a volume of 188K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Omnicom Group have traded between a low of $65.85 and a high of $84.35 and are now at $79.28, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.36% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Omnicom Group on April 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.96. Since that recommendation, shares of Omnicom Group have risen 5.6%. We continue to monitor OMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC