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Recent 52-Week High Exceeded in Shares of Marsh & McLennan (MMC)

By James Quinn

Marsh & McLennan (NYSE:MMC) traded today at a new 52-week high of $80.40. So far today approximately 413,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

In the past 52 weeks, Marsh & McLennan share prices have been bracketed by a low of $50.81 and a high of $80.40 and are now at $80.36, 58% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.82% higher over the past week, respectively.

Marsh & McLennan Companies, Inc. is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. Marsh & McLennan offers analysis, advice, and transactional capabilities to clients worldwide

Marsh & McLennan (NYSE:MMC) is currently priced 5.2% above its average consensus analyst price target of $76.19. The stock should discover initial support at its 50-day moving average (MA) of $60.49 and subsequent support at its 200-day MA of $56.32.

SmarTrend recommended that subscribers consider buying shares of Marsh & McLennan on May 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.41. Since that recommendation, shares of Marsh & McLennan have risen 7.6%. We continue to monitor MMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows marsh & mclennan

Ticker(s): MMC