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Bearish Moving Average Cross by BB&T (BBT)

By Shiri Gupta

BB&T (NYSE:BBT) crossed under its 10-day moving average of $36.02 on a volume of 1.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, BB&T has traded in a range of $29.95 to $41.90 and is now at $35.74, 19% above that low. The 200-day and 50-day moving averages have moved 0.37% lower and 0.52% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in BB&T. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BB&T in search of a potential trend change.

Keywords: moving crosses BB&T

Ticker(s): BBT