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Blackstone Crosses Below its 10-day MA (BX)

By Shiri Gupta

Blackstone (NYSE:BX) shares have crossed bearishly below their 10-day moving average of $30.05 on a volume of 1.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Blackstone have traded between a low of $22.31 and a high of $44.43 and are now at $29.59, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Blackstone and will alert subscribers who have BX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Blackstone

Ticker(s): BX