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Look for Shares of Bb&T Corp to Potentially Rebound after Yesterday's 2.49% Sell Off

By Amy Schwartz

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.

In the past 52 weeks, Bb&T Corp share prices have been bracketed by a low of $43.00 and a high of $56.31 and are now at $52.64, 22% above that low price. 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