Investment Managers Should Catch Up.Blackstone Group is back towards the bottom of the gentle up-channel started in 2009 (see weekly chart below).
Rebounded off a double-bottom on the daily chart in good volume, but not as much as the rest of the financials.
Similar story to another, smaller asset manager highlighted recently (please check LM idea).
1. Buy here with target 28.50 and stop 23.50 for a RR of 1.83x
2. Buy here with target 32.00 and stop 22.30 for a RR of 2.28x
3. Buy Jan 16'17 28.00 call at 0.32 and sell same maturity 23.00 put at 0.45