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BlackRock Shares Up 40.0% Since SmarTrend's Buy Recommendation (BLK)
Mar 06, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for BlackRock (NYSE:BLK) on August 16th, 2012 at $176.61. In approximately 7 months, BlackRock has returned 40.05% as of today's recent price of $247.34.
BlackRock share prices have moved between a 52-week high of $248.00 and a 52-week low of $160.25 and are now trading 54% above that low price at $247.34 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.
BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of BlackRock shares.Log in and add BlackRock (BLK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
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