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Bullish Moving Average Cross by Blackstone (BX)

By David Diaz

Today, shares of Blackstone (NYSE:BX) have advanced above their 10-day MA of $31.91 on a volume of 4.2 million 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.

Blackstone share prices have moved between a 52-week high of $33.41 and a 52-week low of $17.06 and are now trading 89% above that low price at $32.26 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Blackstone on November 26th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.26. Since that recommendation, shares of Blackstone have risen 9.5%. We continue to monitor BX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Blackstone

Ticker(s): BX