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Uptrend Call Working As BlackRock Income Trust Stock Rises 22.8% (BKT)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for BlackRock Income Trust (NYSE:BKT) on January 5th, 2009 at $6.09. In approximately 38 months, BlackRock Income Trust has returned 22.82% as of today's recent price of $7.48.
In the past 52 weeks, shares of BlackRock Income Trust have traded between a low of $6.65 and a high of $7.53 and are now at $7.48, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
Blackrock Income Trust is a diversified, closed-end management investment company incorporated in the USA. The Trust's objective is to provide high current income consistent with the preservation of capital. The Trust invests in mortgage-backed securities backed by U.S. Government agencies, U.S. Government securities, and asset-backed securities.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of BlackRock Income Trust shares.Log in and add BlackRock Income Trust (BKT) 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
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