BB&T Is Close to Resistance

New York, September 2nd ( - Shares of BB&T Corporation (NYSE:BBT) are trading very close to calculated resistance at $35.23. The stock ended the trading session at just $33.96, 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 $29.18 and by the resistance level at $35.23; 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 $29.18 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $35.23 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:

Site Search:


Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 18,035.70 ▼90.42 (-0.50%)
o S&P 500 2,111.81 ▼8.98 (-0.42%)
o NASDAQ 5,082.07 ▼15.91 (-0.31%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,035.70 Trade time:2:14PM EDT Value change:▼90.42 (-0.50%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,111.81 Trade time:2:14PM EDT Value change:▼8.98 (-0.42%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,082.07 Trade time:2:14PM EDT Value change:▼15.91 (-0.31%)
Copyright © 2013 All Rights Reserved.