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

By James Quinn

Today, shares of Omnicom Group (NYSE:OMC) have advanced above their 10-day MA of $84.52 on a volume of 120K 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.

Omnicom Group share prices have moved between a 52-week high of $86.28 and a 52-week low of $64.12 and are now trading 32% above that low price at $84.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 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