May 13, 2013 (52 Week high-lows via COMTEX) -- Shares of BlackRock (NYSE:BLK) traded today at $280.22, breaking its 52-week high. This new high was reached on below average trading volume as 334,000 shares traded hands, while the average 30-day volume is approximately 733,000 shares.
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.
Over the past year, BlackRock has traded in a range of $160.25 to $280.22 and is now at $280.15, 75% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.5%.
BlackRock (NYSE:BLK) is currently priced 10.6% above its average consensus analyst price target of $250.41. The stock should discover initial support at its 50-day moving average (MA) of $256.78 and subsequent support at its 200-day MA of $212.82.
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Copyright, Comtex News Network, Inc. 2013
