Blackstone Inc

BX remains in a Stage 2 advancing uptrend bolstered by a recent Momentum Breakout, yet price is extended above rising EMAs and in extreme overbought territory, making immediate entries premature. We will stalk for pullbacks into the rising 9/21 EMA confluence or the prior breakout zone (~122.5–124.6) to align with the Growth at Reasonable Price strategy.

• ↑Q1 distributable earnings rose 25% YoY to $1.8B, beating estimates
• ↑AUM surged 12% YoY to $1.3T, driven by $69B Q1 inflows
• ↓Earnings yield at 0.10 indicates stock expensive relative to earnings