Monday, October 22, 2018 12:02:48 PM
The Blackstone Group L.P (NYSE:BX) is a leading private equity company that has fallen recently as the markets come under selling pressure. Traders and investors should note that BX stock topped out on September 24, 2018 at $40.60 a share. Today, the stock is testing its 200-day moving average at $34.38 a share. Should the shares break below the important 200-day moving average on a closing basis it would indicate near term weakness and lower prices ahead. The next key support level for stock would be around the $32.00 level. This area is where the stock was defended in July and would likely be a solid support area again when retested. I will be looking to Trade BX on the long side around this key support level.
Nicholas Santiago
InTheMoneyStocks
Recent BX News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
