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Downtrend Call Working As BlackRock Enhanced Government Fund Stock Falls 19.5% (EGF)

By Amy Schwartz

SmarTrend identified a Downtrend for BlackRock Enhanced Government Fund (NYSE:EGF) on March 10th, 2010 at $16.40. In approximately 87 months, BlackRock Enhanced Government Fund has returned 19.51% as of today's recent price of $13.20.

In the past 52 weeks, shares of BlackRock Enhanced Government Fund have traded between a low of $12.99 and a high of $14.11 and are now at $13.20, which is 2% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

BlackRock Enhanced Government Fund, Inc. is a diversified, closed-end fund incorporated in the USA. The Fund's objective provides current income and gains. The Fund invests 80% of its assets in a portfolio of US Gov't securities, US Gov't mortgage-backed securities, and Agencies that pay interest and employs a strategy of writing call options on US Gov't and other debt instruments.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of BlackRock Enhanced Government Fund.

Log in and add BlackRock Enhanced Government Fund (EGF) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights blackrock enhanced government fund

Ticker(s): EGF