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After Yesterday's Decline of 1.46%, Ball Corp Offers Investors Better Value

By Shiri Gupta

Ball Corp (NYSE:BLL) traded in a range yesterday that spanned from a low of $57.49 to a high of $58.11. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $57.97 on volume of 714,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ball Corp has traded in a range of $34.71 to $58.95 and is now at $57.49, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

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: rebounders ball corp

Ticker(s): BLL