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SmarTrend Watching for Potential Rebound in Shares of Blackrock Inc After 1.70% Loss

By Amy Schwartz

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $536.70 to a high of $547.52. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $543.48 on volume of 222,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Blackrock Inc have traded between a low of $408.62 and a high of $594.52 and are now at $537.38, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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