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After Yesterday's Rally of 1.48% Shares Could Potentially Pullback

By Amy Schwartz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $53.72 to a high of $54.70. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $53.73 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Bb&T Corp share prices have moved between a 52-week high of $56.31 and a 52-week low of $32.85 and are now trading 66% above that low price at $54.44 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Bb&T Corp and will alert subscribers who have BBT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders bb&t corp

Ticker(s): BBT