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Blackrock Inc Crosses Above its 10-day MA (BLK)

By Nick Russo

Blackrock Inc (NYSE:BLK) shares have crossed bullishly above their 10-day moving average of $423.69 on a volume of 106K 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 Inc have traded between a low of $360.79 and a high of $492.00 and are now at $424.93, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.27% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Blackrock Inc on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $458.71. Since that call, shares of Blackrock Inc have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses blackrock inc

Ticker(s): BLK