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IBD Rating Upgrades: Blackstone Flashes Improved Technical Strength

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Blackstone ( BX ) saw a positive improvement to its Relative Strength ( RS ) Rating on Friday, with an upgrade from 68 to 71.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Blackstone can continue to rebound and clear that threshold.

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Blackstone is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could launch a new move.

Blackstone reported -24% earnings growth last quarter. Revenue increased 20%.

Blackstone earns the No. 32 rank among its peers in the Finance-Investment Management industry group. Jupai ( JP ), Blackrock ( BLK ) and Noah ( NOAH ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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