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

By Shiri Gupta

Omnicom Group (NYSE:OMC) shares have crossed bullishly above their 10-day moving average of $79.75 on a volume of 409K 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.

Omnicom Group share prices have moved between a 52-week high of $89.66 and a 52-week low of $75.61 and are now trading 6% above that low price at $79.89 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 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 6.7%. 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