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

By James Quinn

Shares of Marsh & McLennan (NYSE:MMC) traded at a new 52-week high today of $63.70. Approximately 186,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Marsh & McLennan (NYSE:MMC) defies analysts with a current price ($63.70) 4.9% above its average consensus price target of $60.59. The stock should find initial support at its 50-day moving average (MA) of $60.00 and further support at its 200-day MA of $56.22.

In the past 52 weeks, Marsh & McLennan share prices have been bracketed by a low of $50.81 and a high of $63.70 and are now at $63.70, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

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

SmarTrend recommended that subscribers consider buying shares of Marsh & McLennan on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.42. Since that recommendation, shares of Marsh & McLennan have risen 16.0%. 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