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Look for Shares of Blackrock Inc to Potentially Rebound after Yesterday's 1.85% Sell Off

By James Quinn

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $413.70 to a high of $421.49. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $413.92 on volume of 232,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Blackrock Inc has traded in a range of $317.60 to $442.83 and is now at $414.66, 31% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

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