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Bullish Moving Average Cross by Blackstone (BX)

By Shiri Gupta

Blackstone (NYSE:BX) crossed over its 10-day moving average of $32.12 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Blackstone have traded between a low of $26.56 and a high of $44.43 and are now at $32.90, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 2.78% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Blackstone on July 24th, 2015 by issuing a Downtrend alert when the shares were trading at $38.83. Since that call, shares of Blackstone have fallen 18.9%. 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