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After Yesterday's Decline of 2.00%, Blackrock Inc Offers Investors Better Value

By David Diaz

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $479.40 to a high of $484.68. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $488.86 on volume of 58,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Blackrock Inc share prices have been bracketed by a low of $360.79 and a high of $496.90 and are now at $479.91, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Blackrock Inc and will alert subscribers who have BLK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders blackrock inc

Ticker(s): BLK