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SmarTrend Watching for Potential Pullback in Shares of Blackrock Inc After 10.99% Gain

By James Quinn

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $405.57 to a high of $448.49. Yesterday, the shares gained 11.0%, which took the trading range above the 3-day high of $373.06 on volume of 699,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Blackrock Inc have traded between a low of $323.98 and a high of $576.81 and are now at $446.30, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.8%.

SmarTrend is monitoring the recent change of momentum in Blackrock Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Blackrock Inc in search of a potential trend change.

Keywords: rebounders blackrock inc

Ticker(s): BLK