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After Yesterday's Rally of 1.24% Shares Could Potentially Pullback

By David Diaz

Marsh & McLennan (NYSE:MMC) traded in a range yesterday that spanned from a low of $67.23 to a high of $68.14. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $68.05 on volume of 631,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Marsh & McLennan and will alert subscribers who have MMC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Marsh & McLennan have traded between a low of $50.81 and a high of $68.69 and are now at $68.12, which is 34% 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 0.8%.

Keywords: rebounders marsh & mclennan

Ticker(s): MMC