BlackRock, Inc. (BLK) held on to its sharp recent gains in intraday trading, as the stock attempts to cool its upward momentum, lock in some profits, and work off its pronounced overbought conditions on the momentum indicators, particularly as a bearish crossover has begun to emerge. Despite this near-term consolidation, the broader technical outlook remains positive, with the stock continuing to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and strengthening the prospects for a resumption of the rally in the near term.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $1,075 remains intact. Under this scenario, the stock is expected to target the key resistance level at $1,181.

Today's price forecast: Bullish.