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Blackrock Dividend Achievers Trust (BDV) Breaks Through Resistance at $8.49

Written on Wed, 05/26/2010 - 12:13pm
By Chip Brian

SmarTrend has detected shares of Blackrock Dividend Achievers Trust (NYSE:BDV) have bullishly opened above the pivot of $8.32 today and have reached the first resistance level of $8.49.
We are watching for a cross of the next upside pivot targets of $8.57 and $8.82. Also, the shares should find initial resistance at the 200-day moving average of $8.73 and further resistance at the 50-day moving average of $9.10.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Blackrock Dividend Achievers Trust on May 07, 2010 at $8.45. Since the call, the stock has risen 0.6%.

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