• Return to Headlines

Omnicom Group Bearish Moving Average Crossover Alert (OMC)

By David Diaz

Omnicom Group (NYSE:OMC) shares have crossed bearishly below their 10-day moving average of $72.06 on a volume of 346K shares. Swing traders may find an opportunity 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 $65.32 and a high of $89.66 and are now at $71.67, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Omnicom Group and will alert subscribers who have OMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC