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Omnicom Group Bullish Moving Average Crossover Alert (OMC)

By Amy Schwartz

Omnicom Group (NYSE:OMC) crossed over its 10-day moving average of $78.64 on a volume of 109K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Omnicom Group share prices have been bracketed by a low of $75.61 and a high of $89.66 and are now at $78.76, 4% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Omnicom Group on December 6th, 2016 by issuing a Downtrend alert when the shares were trading at $84.52. Since that call, shares of Omnicom Group have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC