• Return to Headlines

Omnicom Group Set to Possibly Rebound After Yesterday's Selloff of 2.50%

By Shiri Gupta

Omnicom Group (NYSE:OMC) traded in a range yesterday that spanned from a low of $52.48 to a high of $54.68. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $53.31 on volume of 695,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Omnicom Group share prices have been bracketed by a low of $46.37 and a high of $85.05 and are now at $53.73, 16% above that low price. The 200-day and 50-day moving averages have moved 0.89% lower and 3.36% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Omnicom Group and will alert subscribers who have OMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Omnicom Group

Ticker(s): OMC