Marsh & McLennan Companies, Inc., a professional services firm,
provides advice and solutions primarily in the areas of risk, strategy,
and people worldwide. It operates in two segments, Risk and Insurance
Services; and Consulting. The Risk and Insurance Services segment offers
risk management services, such as risk advice, risk transfer, risk
control, and mitigation solutions, as well as insurance, reinsurance
broking, catastrophe and financial modeling services, and related
advisory services. The Consulting segment offers health, retirement,
talent, and investments consulting services and products; and
specialized management, and economic and brand consulting services. This
segment assists public and private sector employers in the design,
management, and administration of employee health care programs;
provides a range of strategic and compliance-related retirement services
and solutions to corporate, governmental, and institutional clients;
advises organizations on the engagement, management, and rewarding of
employees; and offers investment consulting and other services to the
sponsors of pension funds, foundations, endowments, other investors, and
wealth management companies.
Take a look at the 1-year chart of Marsh (NYSE: MMC) below with added notations:
Overall, MMC has been trading sideways since its December peak. Twice
over that period of time the stock has hit that same resistance at $58
(red), and pulled back down both times. Yesterday the stock tried again
to break out, but failed once more. A close above the $58 should lead to
another leg higher for MMC.
The Tale of the Tape: MMC has a 52-week resistance
at $58. The possible long position on the stock would be on a breakout
above that level with a stop placed under it.
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