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Blackrock Inc Bullish Moving Average Crossover Alert (BLK)

By Nick Russo

Blackrock Inc (NYSE:BLK) crossed over its 10-day moving average of $427.33 on a volume of 165K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Blackrock Inc share prices have been bracketed by a low of $317.60 and a high of $442.83 and are now at $428.00, 35% 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 Inc on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $389.50. Since that recommendation, shares of Blackrock Inc have risen 8.5%. We continue to monitor BLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses blackrock inc

Ticker(s): BLK