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Watch for Bb&T Corp to Potentially Rebound After Falling 2.00% Yesterday

By David Diaz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $46.45 to a high of $48.19. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $47.29 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bb&T Corp share prices have moved between a 52-week high of $56.31 and a 52-week low of $44.62 and are now trading 4% above that low price at $46.52 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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 10.2%. 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