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Look for Shares of Marsh & Mclennan to Potentially Pullback after Yesterday's 2.27% Rise

By Shiri Gupta

Marsh & Mclennan (NYSE:MMC) traded in a range yesterday that spanned from a low of $82.43 to a high of $83.94. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $82.63 on volume of 702,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Marsh & Mclennan share prices have moved between a 52-week high of $86.54 and a 52-week low of $62.33 and are now trading 35% above that low price at $83.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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.

Keywords: rebounders marsh & mclennan

Ticker(s): MMC