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Blackrock Dividend Achievers Trust (BDV) Crosses Pivot Point Resistance at $8.69

Written on Thu, 07/22/2010 - 2:36pm
By Chip Brian

SmarTrend has detected shares of Blackrock Dividend Achievers Trust (NYSE:BDV) have bullishly opened above the pivot of $8.62 today and have reached the first resistance level of $8.69.
We are watching for a cross of the next upside pivot targets of $8.78 and $8.94. Also, the shares are currently trading above the 50-day moving average of $8.63 and should find resistance at the 200-day moving average of $8.84.
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 3.6%.

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