What’s Ball Corporation (BLL) Upside After Forming Double Top Chart Pattern?

December 7, 2017 - By Vivian Park

Investors sentiment increased to 7.64 in 2017 Q2. Its up 6.58, from 1.06 in 2017Q1. It is positive, as 38 investors sold Ball Corporation shares while 9 reduced holdings. 62 funds opened positions while 297 raised stakes. 585.36 million shares or 303.31% more from 145.14 million shares in 2017Q1 were reported.
Lombard Odier Asset Management (Europe) has 4,741 shares. Manchester Lc has invested 0.02% in Ball Corporation (NYSE:BLL). Citadel Advisors Ltd Co reported 0.11% of its portfolio in Ball Corporation (NYSE:BLL). Apg Asset Management Nv accumulated 468,044 shares. Webster Bank N A holds 0% or 700 shares. Icon Advisers accumulated 40,000 shares. National Bank & Trust stated it has 0.03% of its portfolio in Ball Corporation (NYSE:BLL). The Massachusetts-based Fmr Ltd Liability Corp has invested 0.1% in Ball Corporation (NYSE:BLL). Amer Century Inc holds 0.15% or 3.44M shares. The Michigan-based State Treasurer State Of Michigan has invested 0.04% in Ball Corporation (NYSE:BLL). Riverhead Capital Management Lc reported 5,684 shares. X Mngmt Co Ltd Com holds 14,851 shares. 2,483 are owned by Tower Research Llc (Trc). Creative Planning reported 0% of its portfolio in Ball Corporation (NYSE:BLL). Qs Ltd Liability holds 11,728 shares or 0% of its portfolio.

Since June 14, 2017, it had 0 buys, and 1 sale for $869,329 activity.

The chart of Ball Corporation (BLL) shows a double top with $44.48 target or 9.00 % above today’s $40.81 share price. The 8 months chart pattern indicates low risk for the $14.29B company. It was reported on Dec, 7 by Finviz.com. If the $44.48 price target is reached, the company will be worth $1.29B more. Double tops are rare but powerful chart patterns.

The stock increased 0.02% or $0.01 during the last trading session, reaching $40.81. About 1.67M shares traded. Ball Corporation (NYSE:BLL) has risen 12.13% since December 7, 2016 and is uptrending. It has underperformed by 4.57% the S&P500.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on February, 1. They expect $0.52 earnings per share, up 18.18 % or $0.08 from last year’s $0.44 per share. BLL’s profit will be $182.03M for 19.62 P/E if the $0.52 EPS becomes a reality. After $0.52 actual earnings per share reported by Ball Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Ball Corporation (NYSE:BLL) Ratings Coverage

Among 14 analysts covering Ball Corporation (NYSE:BLL), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Ball Corporation had 34 analyst reports since October 15, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, August 7. As per Friday, November 3, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Tuesday, October 10 by Robert W. Baird. The rating was maintained by BMO Capital Markets on Wednesday, September 27 with “Hold”. The stock of Ball Corporation (NYSE:BLL) has “Buy” rating given on Friday, September 29 by Jefferies. JP Morgan upgraded the shares of BLL in report on Thursday, March 31 to “Overweight” rating. The firm earned “Buy” rating on Monday, October 23 by UBS. The firm earned “Hold” rating on Wednesday, July 19 by BMO Capital Markets. Vertical Research upgraded the stock to “Buy” rating in Friday, February 3 report. The company was maintained on Friday, August 5 by Citigroup.

More recent Ball Corporation (NYSE:BLL) news were published by: Nasdaq.com which released: “Ball Corporation (BLL) Down to Strong Sell on Dismal Trends” on November 15, 2017. Also Prnewswire.com published the news titled: “Ball Receives Multiple 2017 AEROBAL World Aluminium Aerosol Awards for its L …” on December 05, 2017. Nasdaq.com‘s news article titled: “Ball Corporation (BLL) Ex-Dividend Date Scheduled for November 30, 2017” with publication date: November 29, 2017 was also an interesting one.

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