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Watch for Blackrock Inc to Potentially Pullback After Gaining 2.57% Yesterday

By Nick Russo

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $461.64 to a high of $463.46. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $457.33 on volume of 394,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Blackrock Inc share prices have moved between a 52-week high of $557.00 and a 52-week low of $360.79 and are now trading 28% above that low price at $463.46 per share. The 200-day and 50-day moving averages have moved 0.2% lower and 0.52% higher over the past week, respectively.

Keywords: rebounders blackrock inc

Ticker(s): BLK