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Blackrock Inc Set to Possibly Pullback After Yesterday's Rally of 2.15%

By Shiri Gupta

Blackrock Inc (NYSE:BLK) traded in a range yesterday that spanned from a low of $518.50 to a high of $529.76. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $525.00 on volume of 424,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Blackrock Inc have traded between a low of $391.11 and a high of $529.76 and are now at $530.96, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Blackrock Inc on October 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $441.52. Since that recommendation, shares of Blackrock Inc have risen 17.4%. We continue to monitor BLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders blackrock inc

Ticker(s): BLK