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Possible Trend Reversal, Blackrock Inc Down on Heavy Volume (BLK)

By Amy Schwartz

The price of Blackrock Inc shares has slipped to $465.08 (a 5.7% change) on heavy trading volume. Today's volume of 859,000 shares tops the average 30-day volume of 729,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Blackrock Inc and will alert subscribers who have BLK in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Blackrock Inc has traded in a range of $323.98 to $576.81 and is now at $465.75, 44% above that low. The 200-day and 50-day moving averages have moved 0.06% higher and 0.18% higher over the past week, respectively.

Keywords: unusual volume blackrock inc

Ticker(s): BLK