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BB&T CORPORATION
(BBT-NYSE):
Technical Viewpoint: From a low
of $33.31 on May 10, 2004 prices
rallied, reaching a
high of $37.91
on May 28, 2004. A
decline saw prices pull back, reaching a
low of
$36.38 on Jul 1, 2004.
Another rally saw prices penetrate
resistance, closing 7/12/04
at $37.38. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 24, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.50. Resistance: Is at $37.65.
Point & Figure: Reversed to the upside on Jul 2, 2004. A P&F upside
reversal takes place at $36.50. Summary: Technical indicators have turned bullish. BUY! BB&T CORPORATION
(BBT-NYSE) @ $37.50 Stop: Use a protective stop of $35.50.
BB&T CORPORATION is currently trading @ $37.38 plus $0.70 on Jul 12, 2004. Price Objective:
$52.50. Risk/Reward: $2.00 VS. $15.00. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.50
Risk/Reward:
$2.00 VS. $15.00
Risk/Reward Ratio:
7:1
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