Blackstone Turns Higher After Prolonged Correction, Fairlead Says
2026-07-27 17:44:34
According to CNBC, Fairlead Strategies said Blackstone (BX) is emerging from a prolonged corrective phase and showing constructive signals across multiple time frames. The firm said the latest pullback brought BX into long-term support near $107, while resistance sits at $133 at the 200-day moving average and at $152 to $156, defined by the weekly cloud and a 61.8% Fibonacci retracement level. Fairlead said the stock has also broken above a downtrend line versus the S&P 500 Index (SPX), which it expects to support outperformance in Q3.
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