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Shares of BlackRock Rise Above Previous 52-Week High

By Shiri Gupta

BlackRock (NYSE:BLK) traded today at a new 52-week high of $420.00. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 597,000 shares.

BlackRock share prices have moved between a 52-week high of $420.00 and a 52-week low of $275.00 and are now trading 53% above that low price at $419.49 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Potential upside of 1.4% exists for BlackRock, based on a current level of $419.49 and analysts' average consensus price target of $425.33. BlackRock shares have support at the 50-day moving average (MA) of $341.60 and additional support at the 200-day MA of $328.58.

BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.

SmarTrend recommended that subscribers consider buying shares of BlackRock 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 have risen 7.4%. We continue to monitor BLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Blackrock

Ticker(s): BLK