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

By Nick Russo

SmarTrend identified a Downtrend for BlackRock Enhanced Government Fund (NYSE:EGF) on March 10th, 2010 at $16.40. In approximately 86 months, BlackRock Enhanced Government Fund has returned 19.51% as of today's recent price of $13.20.

BlackRock Enhanced Government Fund share prices have moved between a 52-week high of $14.11 and a 52-week low of $12.99 and are now trading 2% above that low price at $13.20 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.03% lower over the past week, respectively.

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