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

By Shiri Gupta

Today, shares of Omnicom Group (NYSE:OMC) have crossed bullishly above their 10-day moving average of $69.12 on a volume of 264K shares. This may provide swing traders with an opportunity 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 $65.32 and a high of $83.34 and are now at $69.53, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

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