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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Apr 25, 2013 9:27 AM Flag

    OBV Made New Life Time High BX @ 20.58

    Expect lot of consolidation in this range 20.25-21-50

    Things to watch is the Over Head Supply

    Price range……………Over Head Supply
    20.50-20.75 --------- 12,036,100
    20.75-21.00 --------- 10,771,500
    21.00-21.25 --------- 4,377,400
    21.25-21.50 --------- 20,024,900

    It will take a few weeks or months for BX to make a New High and that depends on volume and external developments and news.

    Life time OBV = 1,724,121 ..Which is new high and was made on April 24, 2013

    BX, OBV made a new life time new high. The volume yesterday was 8,850,900 which is 67% more than 5,294,200 average daily volume. Because dividend due date some of the volume and option related and short covering can cause distortions.

    Definition of 'On-Balance Volume - OBV'
    A method used in technical analysis to detect momentum, the calculation of which relates volume to price change. OBV provides a running total of volume and shows whether this volume is flowing in or out of a given security. This indicator was developed by Joe Granville.

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Buy

 
BX
43.80+0.17(+0.39%)May 29 4:01 PMEDT