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Watch for Bb&T Corp to Potentially Rebound After Falling 2.87% Yesterday

By David Diaz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $45.37 to a high of $46.23. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $46.00 on volume of 2.4 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, shares of Bb&T Corp have traded between a low of $40.68 and a high of $53.08 and are now at $45.51, which is 12% 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 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.

Keywords: rebounders bb&t corp

Ticker(s): BBT