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Bullish Moving Average Cross by BlackRock (BLK)

By Shiri Gupta

Today, shares of BlackRock (NYSE:BLK) have crossed bullishly above their 10-day moving average of $347.97 on a volume of 128K 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.

Over the past year, BlackRock has traded in a range of $275.00 to $372.95 and is now at $350.11, 27% above that low. 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 is monitoring the recent change of momentum in BlackRock. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BlackRock in search of a potential trend change.

Keywords: moving crosses Blackrock

Ticker(s): BLK