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

By David Diaz

Blackrock Inc (NYSE:BLK) crossed under its 10-day moving average of $432.11 on a volume of 367K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Blackrock Inc have traded between a low of $317.60 and a high of $442.83 and are now at $426.29, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

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 12.5%. 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