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Look for Shares of Ball Corp to Potentially Rebound after Yesterday's 1.67% Sell Off

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.

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.

In the past 52 weeks, Ball Corp share prices have been bracketed by a low of $34.71 and a high of $43.20 and are now at $40.56, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Keywords: rebounders ball corp

Ticker(s): BLL