• Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, February 18th ( - BB&T Corporation (NYSE:BBT) closed the trading day at $30.27, near its 50 day and 200 day moving averages set at $29.94 and $30.59 respectively. BB&T's price action placed the stock above the 50 day moving average but below its 200 day moving average, providing a nice trading setup with clear reference points.

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 seems to be setting up for a tight range between the 50 day moving average as support and the 200 day moving average serving as resistance.

A tiered approach appears to be the best way to maximize possible movements in the stock, as traders could establish a small position in BB&T and wait for the stock to break out above the 200 day moving average at $30.59. Then they could add to the position as momentum builds with the breakout. On the other hand, if support being referenced at the 50 day moving average set at $29.94 breaks, it could signal further downside for BB&T in the horizon.

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 16,776.43 ▲304.06 (1.85%)
o S&P 500 1,987.05 ▲35.69 (1.83%)
o NASDAQ 4,781.26 ▲73.49 (1.56%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,776.43 Trade time:4:33PM EDT Value change:▲304.06 (1.85%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,987.05 Trade time:4:33PM EDT Value change:▲35.69 (1.83%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,781.26 Trade time:5:15PM EDT Value change:▲73.49 (1.56%)

In The Wires

Copyright © 2013 All Rights Reserved.