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After Yesterday's Rally of 2.22% Shares Could Potentially Pullback

By Nick Russo

BB&T (NYSE:BBT) traded in a range yesterday that spanned from a low of $33.92 to a high of $34.48. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $34.26 on volume of 1.9 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 share prices have moved between a 52-week high of $41.90 and a 52-week low of $29.95 and are now trading 15% above that low price at $34.41 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 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: rebounders BB&T

Ticker(s): BBT