This kind of pattern and price action on the indicates one important thing, the extended move of BlackRock , Inc. (NYSE:BLK) might be over. Traders looking to go short this equity can do so at around $333.00 and placing Wednesday's high as a stop loss on a closing basis - which means if you short the stock and it goes above that previous high and closes above, you exit the position for a small loss. However, BlackRock , Inc. (NYSE:BLK) does have a move lower in the cards, and the ultimate profit target for those short the stock should be $314.00.
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