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Bullish Moving Average Cross by Blackstone (BX)

By Shiri Gupta

Today, shares of Blackstone (NYSE:BX) have crossed bullishly above their 10-day moving average of $25.35 on a volume of 513K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Blackstone share prices have been bracketed by a low of $22.31 and a high of $44.43 and are now at $25.66, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Blackstone on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $26.43. Since that call, shares of Blackstone have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Blackstone

Ticker(s): BX