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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Shiri Gupta

Ball (NYSE:BLL) traded in a range yesterday that spanned from a low of $41.10 to a high of $41.82. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $41.54 on volume of 812,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ball has traded in a range of $33.76 to $41.82 and is now at $41.78, 24% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Ball on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.10. Since that recommendation, shares of Ball have risen 8.0%. We continue to monitor BLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ball

Ticker(s): BLL