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Bb&T Corp Set to Possibly Rebound After Yesterday's Selloff of 2.49%

By David Diaz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $52.44 to a high of $54.04. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $53.71 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Bb&T Corp has traded in a range of $43.00 to $56.31 and is now at $52.64, 22% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

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