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Ball Bearish Moving Average Crossover Alert (BLL)

By James Quinn

Today, shares of Ball (NYSE:BLL) have crossed bearishly below their 10-day moving average of $80.35 on a volume of 102K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Ball share prices have been bracketed by a low of $57.95 and a high of $81.25 and are now at $80.20, 38% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Ball on August 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.66. Since that recommendation, shares of Ball have risen 5.1%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ball

Ticker(s): BLL