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SmarTrend Watching for Potential Rebound in Shares of Blackrock Inc After 2.00% Loss

By Amy Schwartz

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $479.40 to a high of $484.68. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $488.86 on volume of 58,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Blackrock Inc share prices have moved between a 52-week high of $496.90 and a 52-week low of $360.79 and are now trading 33% above that low price at $479.91 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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