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SmarTrend Watching for Potential Rebound in Shares of Bb&T Corp After 1.38% Loss

By Nick Russo

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $45.50 to a high of $46.16. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $45.99 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Bb&T Corp has traded in a range of $32.85 to $49.88 and is now at $45.70, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

Keywords: rebounders bb&t corp

Ticker(s): BBT