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Bearish Moving Average Cross by BB&T (BBT)

By Amy Schwartz

BB&T (NYSE:BBT) shares have crossed bearishly below their 10-day moving average of $35.06 on a volume of 611K shares. Swing traders may find 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 $41.90 and are now at $34.44, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

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