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