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Watch for Blackrock Inc to Potentially Pullback After Gaining 3.43% Yesterday

By Nick Russo

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $425.62 to a high of $435.51. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $424.88 on volume of 240,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Blackrock Inc share prices have moved between a 52-week high of $487.45 and a 52-week low of $360.79 and are now trading 21% above that low price at $434.78 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.1%.

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