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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 $82.87 on a volume of 249K 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 $87.50 and a 52-week low of $64.12 and are now trading 30% above that low price at $83.29 per share. 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 is monitoring the recent change of momentum in Omnicom Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Omnicom Group in search of a potential trend change.

Keywords: moving crosses Omnicom Group

Ticker(s): OMC