Is BB&T Closing in to Resistance?

New York, March 6th (TradersHuddle.com) - Shares of BB&T Corporation (NYSE:BBT) are trading very close to calculated resistance at $31.19. The stock ended the trading session at just $30.41, 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 $31.19; 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 $31.19 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,408.54 ▼16.31 (-0.10%)
o S&P 500 1,864.85 ▲2.54 (0.14%)
o NASDAQ 4,095.52 ▲9.29 (0.23%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,408.54 Trade time:4:31PM EDT Value change:▼16.31 (-0.10%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,864.85 Trade time:4:31PM EDT Value change:▲2.54 (0.14%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,095.52 Trade time:5:15PM EDT Value change:▲9.29 (0.23%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.