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

New York, March 19th ( - Shares of BB&T Corporation (NYSE:BBT) are trading very close to calculated resistance at $31.81. The stock ended the trading session at just $30.75, 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 $31.81; 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 $31.81 then traders will get an opportunity to enter the stock as it moves to a higher range.

Technical Scans

Stock Market

o Dow Jones 16,161.84 ▼212.92 (-1.30%)
o S&P 500 1,929.44 ▼21.69 (-1.11%)
o NASDAQ 4,703.88 ▼29.62 (-0.63%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,161.84 Trade time:10:29AM EDT Value change:▼212.92 (-1.30%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,929.44 Trade time:10:29AM EDT Value change:▼21.69 (-1.11%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,703.88 Trade time:10:29AM EDT Value change:▼29.62 (-0.63%)

In The Wires

Copyright © 2013 All Rights Reserved.