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Omnicom Group Crosses Above its 10-day MA (OMC)

By Nick Russo

Omnicom Group (NYSE:OMC) crossed over its 10-day moving average of $83.84 on a volume of 146K 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, shares of Omnicom Group have traded between a low of $64.12 and a high of $85.95 and are now at $84.04, which is 31% 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 subscribers consider buying shares of Omnicom Group on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.56. Since that recommendation, shares of Omnicom Group have risen 12.3%. 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