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Watch for Bb&T Corp to Potentially Rebound After Falling 1.20% Yesterday

By Nick Russo

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $49.97 to a high of $50.88. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $50.65 on volume of 1.2 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 $43.03 and a high of $56.31 and are now at $50.03, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Bb&T Corp on May 30th, 2018 by issuing a Downtrend alert when the shares were trading at $52.82. Since that call, shares of Bb&T Corp have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders bb&t corp

Ticker(s): BBT