Market Overview

BlackRock Senior High Income Fund: 52-Week High Recently Eclipsed (ARK)

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(via COMTEX News Network)--

Shares of BlackRock Senior High Income Fund (NYSE: ARK) traded at a new 52-week high today of $4.31. Approximately 107,000 shares have traded hands today vs. average 30-day volume of 121,000 shares.

BlackRock Senior High Income Fund is currently trading at $4.3, approximately 3.4% above its 50-day moving average of $4.16. SmarTrend will be monitoring shares of ARK to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.

In the past 52 weeks, shares of BlackRock Senior High Income Fund have traded between a low of $3.69 and a high of $4.25 and are now at $4.26, which is 15% above that low price.

SmarTrend currently has shares of BlackRock Senior High Income Fund in an Uptrend and issued the Uptrend alert on May 10, 2011 at $4.21. The stock has risen 0.8% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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