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After Yesterday's Decline of 1.67%, Ball Corp Offers Investors Better Value

By Shiri Gupta

Ball Corp (NYSE:BLL) traded in a range yesterday that spanned from a low of $40.53 to a high of $41.05. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $41.21 on volume of 921,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ball Corp have traded between a low of $34.71 and a high of $43.20 and are now at $40.56, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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 7.8%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ball corp

Ticker(s): BLL