• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Ball Corp (NYSE:BLL)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ball Corp (NYSE:BLL) based on the price action in the company's shares. Yesterday's price range of $39.07 and $39.45 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Ball Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Ball Corp has traded in a range of $33.76 to $43.24 and closed yesterday at $39.21, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Potential upside of 10.8% exists for Ball Corp, based on a current level of $39.21 and analysts' average consensus price target of $43.45. The stock should find initial support at its 200-day moving average (MA) of $38.31 and further support at its 50-day MA of $37.53.

Ball Corporation provides metal packaging for beverages, foods, and household products. The Company also supplies aerospace and other technologies and services to commercial and governmental customers. Ball serves customers worldwide.

SmarTrend is tracking the current trend status for Ball Corp and will alert subscribers who have BLL in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle ball corp

Ticker(s): BLL