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Bb&T Corp Falls 1.10% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $54.61 to a high of $55.63. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $55.13 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Bb&T Corp share prices have been bracketed by a low of $32.85 and a high of $56.31 and are now at $54.66, 66% 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.

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.

Keywords: rebounders bb&t corp

Ticker(s): BBT