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Blackstone Set to Possibly Pullback After Yesterday's Rally of 2.07%

By David Diaz

Blackstone (NYSE:BX) traded in a range yesterday that spanned from a low of $32.91 to a high of $33.41. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $33.08 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Blackstone on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.88. Since that recommendation, shares of Blackstone have risen 5.8%. We continue to monitor BX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Blackstone share prices have moved between a 52-week high of $44.43 and a 52-week low of $22.31 and are now trading 49% above that low price at $33.28 per share. The 200-day and 50-day moving averages have moved 0.95% lower and 0.29% higher over the past week, respectively.

Keywords: rebounders Blackstone

Ticker(s): BX