[August 23, 2010] The Blackstone Group LP Partners with China's Great Eagle to Build Luxury Apartments (BX) Tweet Aug 23, 2010 (SmarTrend News Watch via COMTEX) -- The Blackstone Group LP (NYSE:BX) has signed a deal with Hong Kong property developer Great Eagle, to construct high-end apartments in China. The new project will reportedly include building over 1,000 homes and more than 400 hotel rooms. SmarTrend currently has Blackstone in an Uptrend. Since 2008, SmarTrend subscribers trading Blackstone using our alerts outperformed the stock by 183%. We are monitoring these developments and will alert subscribers to any change in trend. Blackstone should find initial resistance at its 50-day moving average (MA) of $10.54 and further resistance at its 200-day MA of $12.79. In the last five trading sessions, the 50-day MA has climbed 0.34% while the 200-day MA has slid 0.61%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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.TradeTheTrend.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.TradeTheTrend.com/signup [ Back To TMCnet.com's Homepage ]