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SmarTrend Watching for Potential Rebound in Shares of Blackrock Inc After 3.38% Loss

By Shiri Gupta

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $390.00 to a high of $399.78. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $404.43 on volume of 225,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Blackrock Inc has traded in a range of $376.31 to $594.52 and is now at $394.92, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.4%.

Keywords: rebounders blackrock inc

Ticker(s): BLK