BLK Powers to $1088.11 on Strong EMA Stack
BullishBlackRock Inc (BLK) traded flat at $1088.11 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($1080.26) with a bullish stack. The 21-day EMA at $1074.20 provides support.
Momentum
RSI at 61.8 is in neutral territory but trending higher. MACD is bullish (3.26 vs signal -0.32).
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $1038.93, Resistance at $1105.88.