• Return to Headlines

Omnicom Group Bullish Moving Average Crossover Alert (OMC)

By James Quinn

Today, shares of Omnicom Group (NYSE:OMC) have advanced above their 10-day MA of $72.08 on a volume of 184K shares. Swing traders may find an opportunity 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 $65.32 and a high of $89.66 and are now at $72.39, 11% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.65% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Omnicom Group on March 1st, 2018 by issuing a Downtrend alert when the shares were trading at $74.49. Since that call, shares of Omnicom Group have fallen 3.9%. 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