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Bb&T Corp (BBT) Breaks Through Support at $50.02

By James Quinn

Shares of Bb&T Corp (NYSE:BBT) opened today below their pivot of $50.18 and have already reached the first level of support at $50.02. Analysts will be watching for a cross of the next downside pivot targets of $49.87 and $49.56.

There is potential upside of 15.5% for shares of Bb&T Corp based on a current price of $50.16 and an average consensus analyst price target of $57.93. The stock should find initial support at its 200-day moving average (MA) of $49.89 and further support at its 50-day MA of $49.15.

In the past 52 weeks, Bb&T Corp share prices have been bracketed by a low of $40.68 and a high of $56.31 and are now at $50.16, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Bb&T Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bb&T Corp in search of a potential trend change.

Keywords: pivot alerts bb&t corp

Ticker(s): BBT