MMC continues its bullish trend

As we can see in the chart, since early March, MMC –March and Mclennan Co. – is moving in an ascending channel between the blue lines that join the highs and the lows of the stock.

In the last sessions price action shows higher volatility, an indication of uncertainty. In fact, as price uses its 20-day exponential moving average as resistance, only the last two sessions may indicate that the bulls may prove stronger in this ambivalent fight with the bears.

Our momentum indicator, MACD, is still in positive territory although it has moved below its signal line.

Despite the above, MMC’s Relative Strength has started to rise and has just crossed above its 20-day exponential moving average.

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