BLQA trade ideas
BLK is on the edge of further breakdowngot to close above the 200ma or 430..else you can see the levels next.
BLK: Ran up to today's earnings, strong resistance overheadBLK had a run up ahead of its earnings report and then had a mild profit-taking day before the release. Volume is increasing as it reaches a stronger resistance level on today's earnings report reaction. Blackrock is the largest Derivatives Developer of Exchange Traded Products for the stock market. ETFs are its specialty.
Earnings beat could easily send this higherThe financial sector is off to a good start with earnings season. An earnings beat or as expected should send this stock higher.
BlackRock $BLK large weekly bottoming base, break-out?BlackRock shares are forming a nice weekly base in a high volume zone, a move above last week high can start a strong trend move
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$BLK Earnings Miss - Bearish Options Activity$BLK Missed on earnings and revenue estimates yesterday. Technically the stock looks to be in a clear downtrend since peaking in January 2018. Will be looking for a weekly close this week at or below the 200d ema line - approximately $412. Targeting $340-$350 range by mid to late March.
Also of note, some bearish options activity this morning after the earnings miss yesterday with about 3k $400/$420 strike April put options traded vs combined OI of about 650 for a total premium of $6M.
Note: Informational analysis, not investment advice.
BLKBeen pretty consistent historically. Good spot to short, although earnings coming out.
Starting with a small position.
enterend 394.5
Chart used for my historical reference.
buy the dip in $blk $spyA nice bullish divergence in blackrock. I would look to buy the dip on the poor earnings report
$BLK ate too much Turkey?$BLK has started moving away from the general finaical group in the beginning of August.
If 465 can't hold, next stop is likely 430
Blackrock breakout above 545The 50-day moving average is acting as a support on BLK. If it can clear 545 it could head higher towards 577.
