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After Yesterday's Decline of 1.43%, Ball Corp Offers Investors Better Value

By Nick Russo

Ball Corp (NYSE:BLL) traded in a range yesterday that spanned from a low of $65.65 to a high of $66.81. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $65.78 on volume of 505,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 41.6%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Ball Corp share prices have been bracketed by a low of $34.71 and a high of $66.81 and are now at $65.69, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

Keywords: rebounders ball corp

Ticker(s): BLL