TMCnet News
Blackstone Falls 3.29% on Heavy Volume: Watch For Potential ReboundNov 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. 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. Over the past year, Blackstone has traded in a range of $11.13 to $17.25 and is now at $13.50, 21% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%. 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.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 |