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Bullish Moving Average Cross by Blackstone (BX)

By James Quinn

Blackstone (NYSE:BX) crossed over its 10-day moving average of $38.28 on a volume of 2.6 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 $39.62 and a 52-week low of $26.56 and are now trading 45% above that low price at $38.42 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Blackstone on October 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.03. Since that recommendation, shares of Blackstone have risen 22.5%. 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