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After Yesterday's Rally of 1.59% Shares Could Potentially Pullback

By Nick Russo

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $54.57 to a high of $55.52. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $55.44 on volume of 587,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Bb&T Corp has traded in a range of $32.85 to $55.99 and is now at $55.46, 69% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

Keywords: rebounders bb&t corp

Ticker(s): BBT