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TMCNet:  Watch for Blackstone to Potentially Rebound After Falling 3.29% Yesterday

[November 15, 2012]

Watch for Blackstone to Potentially Rebound After Falling 3.29% Yesterday

Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Blackstone (NYSE:BX) traded in a range yesterday that spanned from a low of $13.33 to a high of $14.05. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $13.90 on volume of 18.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


In the past 52 weeks, shares of Blackstone have traded between a low of $11.13 and a high of $17.25 and are now at $13.50, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Blackstone. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Blackstone in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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