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Watch for Bb&T Corp to Potentially Pullback After Gaining 1.16% Yesterday

By Amy Schwartz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $53.05 to a high of $53.40. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $53.01 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Bb&T Corp has traded in a range of $40.68 to $53.26 and is now at $53.21, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders bb&t corp

Ticker(s): BBT