• Return to Headlines

BB&T Crosses Above its 10-day MA (BBT)

By James Quinn

Today, shares of BB&T (NYSE:BBT) have advanced above their 10-day MA of $43.22 on a volume of 1.4 million 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, shares of BB&T have traded between a low of $29.95 and a high of $49.88 and are now at $44.01, which is 47% 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 its subscribers protect gains by selling shares of BB&T on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $45.24. Since that call, shares of BB&T have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses BB&T

Ticker(s): BBT