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Ball Crosses Below its 10-day MA (BLL)

By Shiri Gupta

Ball (NYSE:BLL) crossed under its 10-day moving average of $79.61 on a volume of 192K shares. This may provide short-term investors a chance 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 $82.24 and are now at $79.38, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

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 4.5%. 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