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After Yesterday's Rally of 2.00% Shares Could Potentially Pullback

By James Quinn

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $47.18 to a high of $47.65. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $47.14 on volume of 2.4 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 $49.88 and a 52-week low of $32.85 and are now trading 45% above that low price at $47.53 per share. The 200-day and 50-day moving averages have moved 0.37% lower and 0.52% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bb&T Corp on June 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.92. Since that recommendation, shares of Bb&T Corp have risen 6.1%. We continue to monitor BBT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bb&t corp

Ticker(s): BBT