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Marsh & Mclennan Falls 1.19% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Marsh & Mclennan (NYSE:MMC) traded in a range yesterday that spanned from a low of $82.94 to a high of $83.63. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $83.38 on volume of 609,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Marsh & Mclennan. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marsh & Mclennan in search of a potential trend change.

In the past 52 weeks, Marsh & Mclennan share prices have been bracketed by a low of $76.68 and a high of $87.89 and are now at $83.01, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: rebounders marsh & mclennan

Ticker(s): MMC