BB&T Is Close to Resistance

New York, January 8th ( - Shares of BB&T Corporation (NYSE:BBT) are trading very close to calculated resistance at $30.23. The stock ended the trading session at just $30.04, which is near levels that make it difficult to buy or start a position.

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 range is defined by its calculated support defined at $26.86 and by the resistance level at $30.23; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for BB&T. However, as the stock pulls back towards $26.86 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $30.23 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,528.28 ▲87.69 (0.50%)
o S&P 500 2,079.18 ▲11.54 (0.56%)
o NASDAQ 5,051.84 ▲12.06 (0.24%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,528.28 Trade time:11:19AM EDT Value change:▲87.69 (0.50%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,079.18 Trade time:11:19AM EDT Value change:▲11.54 (0.56%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,051.84 Trade time:11:19AM EDT Value change:▲12.06 (0.24%)

In The Wires

Copyright © 2013 All Rights Reserved.