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Possible Bearish Inside Day Candle Pattern Detected for Ball Corp (NYSE:BLL)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ball Corp (NYSE:BLL) based on the price action in the company's shares. Today's price range of $76.93 and $77.96 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Ball Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Ball Corporation provides metal packaging for beverages, foods, and household products. The Company also supplies aerospace and other technologies and services to commercial and governmental customers. Ball serves customers worldwide.

Ball Corp (NYSE:BLL) is currently priced 42.5% above its average consensus analyst price target of $44.55. Ball Corp shares have support at the 200-day moving average (MA) of $69.19 and additional support at the 50-day MA of $67.38.

Ball Corp share prices have moved between a 52-week high of $82.82 and a 52-week low of $51.48 and are now trading 50% above that low price at $77.44 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

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: bearish inside day candle ball corp

Ticker(s): BLL