BB&amp;T Broke Resistance

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BB&T Broke Resistance

Published on Wednesday, 22 February 2012 06:48 Written by TradersHuddle Wire

New York, February 22nd (TradersHuddle.com) - Shares of BB&T Corporation (NYSE:BBT) closed the trading session at $30.09 just above calculated resistance at $29.83 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

BB&T Corporation (NYSE:BBT) operates banking locations in North and South Carolina, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida and Tennessee. The Company offers full-service commercial and retail banking, as well as insurance, retail brokerage, corporate finance, and international banking.

BB&T's stock was trading in a well defined range with support at $21.03 and resistance at $29.83, given that this range was broken traders will be closely monitoring the stock

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