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Shares of Ball Corp Rise to a New 52-Week High

By David Diaz

Shares of Ball Corp (NYSE:BLL) traded today at $71.98, breaking its 52-week high. Approximately 184,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

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 38.1% above its average consensus analyst price target of $44.55. The stock should discover initial support at its 50-day moving average (MA) of $63.65 and subsequent support at its 200-day MA of $53.69.

Over the past year, Ball Corp has traded in a range of $35.08 to $71.98 and is now at $71.98, 105% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

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 52.1%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ball corp

Ticker(s): BLL