• Return to Headlines

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

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Ball Corp (NYSE:BLL) based on the price action in the company's shares. Yesterday's price range of $62.57 and $63.16 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. Traders and investors interested in shares of Ball Corp may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Over the past year, Ball Corp has traded in a range of $34.71 to $65.31 and closed yesterday at $62.57, 80% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.1%.

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.

Ball Corp (NYSE:BLL) is currently priced 28.8% above its average consensus analyst price target of $44.55. The stock should discover initial support at its 50-day moving average (MA) of $58.97 and subsequent support at its 200-day MA of $49.89.

SmarTrend recommended that subscribers consider buying shares of Ball Corp on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.04. Since that recommendation, shares of Ball Corp have risen 32.9%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle ball corp

Ticker(s): BLL