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Bearish Moving Average Cross by BB&T (BBT)

By James Quinn

BB&T (NYSE:BBT) shares have crossed bearishly below their 10-day moving average of $43.42 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $42.70, which is 43% 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 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