BLL closes higher for the 6th day in a row
Moving higher for the 6th day in a row, BLL ended Monday at 40.76 gaining $0.12 (0.3%) on low volume. Today's closing price of 40.76 marks the highest close since March 15th. Trading up to $0.27 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Monday's trading range was $0.42 (1.03%), that's far below last trading month's daily average range of $0.71. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bullish Outside Bar.
After having been unable to move lower than 40.49 in the previous session, the stock found buyers again around the same price level today at 40.48.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 41.99, upside momentum might accelerate should the share be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Ball Corp
|Close near low of period||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
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