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Downgrade Alert for BB&T (BBT)
[January 04, 2013]

Downgrade Alert for BB&T (BBT)

Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- BB&T (NYSE:BBT) was downgraded from Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $29.92 on volume of 6.0 million shares, above average daily volume of 4.0 million. In the past 52 weeks, shares of BB&T have traded between a low of $25.26 and a high of $34.37 and closed yesterday at $29.92, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.35% lower over the past week, respectively.

BB&T Corporation operates banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida and Tennessee. The Company and its subsidiaries offer full-service commercial and retail banking, as well as insurance, retail brokerage, corporate finance, international banking, leasing, and trust services.

Potential upside of 12.1% exists for BB&T, based on a current level of $29.92 and analysts' average consensus price target of $33.53. BB&T shares should encounter resistance at the 200-day moving average (MA) of $30.71 and support at the 50-day MA of $28.65.

SmarTrend is tracking the current trend status for BB&T and will alert subscribers who have BBT in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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