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After Yesterday's Rally of 2.82% Shares Could Potentially Pullback

By Amy Schwartz

BB&T (NYSE:BBT) traded in a range yesterday that spanned from a low of $49.10 to a high of $49.79. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $48.47 on volume of 2.1 million 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 and will alert subscribers who have BBT in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of BB&T have traded between a low of $29.95 and a high of $49.78 and are now at $49.56, which is 65% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 0.52% higher over the past week, respectively.

Keywords: rebounders BB&T

Ticker(s): BBT