Return to Headlines
127 views
Email RSS

Blackrock Dividend Achievers Trust (BDV) Reaches Initial Resistance Level, Watch for 1.1% Potential Upside Continuation

Written on Thu, 06/10/2010 - 9:57am
By Chip Brian

SmarTrend has detected shares of Blackrock Dividend Achievers Trust (NYSE:BDV) have bullishly opened above the pivot of $8.68 today and have reached the first resistance level of $8.74.
We are watching for a cross of the next upside pivot targets of $8.86 and $9.04. Also, the shares should find initial resistance at the 200-day moving average of $8.77 and further resistance at the 50-day moving average of $9.02.
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 3.7%.

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.