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BlackRock Strategic Dividend Achievers Trust (BDT) Approaches New Upside Target of $9.83

Written on Mon, 05/10/2010 - 12:00pm
By Chip Brian

SmarTrend has detected shares of BlackRock Strategic Dividend Achievers Trust (NYSE:BDT) have bullishly opened above the pivot of $8.94 today and have reached the first resistance level of $9.47.
We are watching for a cross of the next upside pivot targets of $9.83 and $10.72. Also, the shares are currently trading below the 50-day moving average of $9.65 and should find support at the 200-day moving average of $8.94.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of BlackRock Strategic Dividend Achievers Trust on May 06, 2010 at $6.93. Since the call, the stock has fallen -38.2%.

Keywords: blackrock strategic dividend achievers trust pivot points

Ticker(s): BDT

Contact Chip Brian



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