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Blackstone Rising on Above-Average Volume, Consistent With Trend (BX)
Jan 02, 2013 (SmarTrend(R) News Watch via COMTEX) --
Blackstone shares are trading on heavy volume today, having risen 3.3% to $16.11. Today's volume of 6.8 million shares tops the average 30-day volume of 3.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Blackstone on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.09. Since that recommendation, shares of Blackstone have risen 3.3%. We continue to monitor BX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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 $16.17, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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