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After Yesterday's Rally of 2.54% Shares Could Potentially Pullback

By David Diaz

Ball Corp (NYSE:BLL) traded in a range yesterday that spanned from a low of $69.66 to a high of $71.06. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $69.83 on volume of 963,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ball Corp share prices have moved between a 52-week high of $81.88 and a 52-week low of $48.81 and are now trading 46% above that low price at $71.09 per share. The 200-day and 50-day moving averages have moved 0.16% higher and 0.22% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ball Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ball Corp in search of a potential trend change.

Keywords: rebounders ball corp

Ticker(s): BLL