BB&T Crosses Above its 10-day MA (BBT)
BB&T (NYSE:BBT) shares have crossed bullishly above their 10-day moving average of $38.06 on a volume of 641K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, BB&T share prices have been bracketed by a low of $29.95 and a high of $41.90 and are now at $38.24, 28% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 0.52% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of BB&T on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.56. Since that recommendation, shares of BB&T have risen 3.8%. We continue to monitor BBT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses BB&T