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BlackRock Bullish Moving Average Crossover Alert (BLK)

By Shiri Gupta

BlackRock (NYSE:BLK) crossed over its 10-day moving average of $353.31 on a volume of 133K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of BlackRock have traded between a low of $275.00 and a high of $372.95 and are now at $356.44, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of BlackRock on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $310.76. Since that recommendation, shares of BlackRock have risen 12.8%. We continue to monitor BLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Blackrock

Ticker(s): BLK