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

By Amy Schwartz

Today, shares of Omnicom Group (NYSE:OMC) have fallen below their 10-day MA of $82.87 on a volume of 285K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Omnicom Group share prices have been bracketed by a low of $75.61 and a high of $89.66 and are now at $82.52, 9% 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 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