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

By James Quinn

Ball Corp (NYSE:BLL) traded at a new 52-week high today of $43.49. So far today approximately 203,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 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.

Over the past year, Ball Corp has traded in a range of $34.71 to $43.49 and is now at $43.41, 25% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

There is potential upside of 2.6% for shares of Ball Corp based on a current price of $43.41 and an average consensus analyst price target of $44.55. The stock should discover initial support at its 50-day moving average (MA) of $39.89 and subsequent support at its 200-day MA of $39.02.

SmarTrend recommended that subscribers consider buying shares of Ball Corp on July 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.26. Since that recommendation, shares of Ball Corp have risen 12.9%. 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