After closing down for three weeks, gap opening today gives first clue the consolidation and accumulation at lower level, after making new high is nearly over.
There is a good block activity today
We need more than 20% more than average daily volume 5,134,730 or nearly 6.2 million shares trades before we can conclude stock will make an attempt to a new high.
Stock moving up on a down day, when others are reluctant to step is considered a good sign. Day traders are always there and we will not know until the closing price and volume,
At 11:15am the volume 3.3 million. So there is some interest by big investors.
Thank-you Carolyn. Lots of nice opinions about BX out there today, nice opening...followed by a quite predictable sell-off. A close above 23 would be encouraging...definitely seems to be support in the high 22's.