Ball Corp. - BLL - close: 36.32 change: +0.61

Stop Loss: 34.95
Target(s): 39.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
BLL is probably best known for its packaging supplies business but they also have an aerospace division. This stock has spent weeks consolidating under resistance near $36.00 and its 200-dma. Today finally saw a breakout but shares still have additional resistance near $36.50. I am suggesting a trigger to open small bullish positions at $36.55 with a stop loss at $34.95. Our target is $39.00. More conservative traders may want to take profits early near $38.00 instead.
FYI: The Point & Figure chart for BLL is currently bearish but a rally past $37.00 would produce a brand new buy signal.

Trigger @ 36.55

Suggested Position: buy BLL stock @ 36.55

- or -

buy the Feb $35 call (BLL1221A35)

Annotated chart:

Entry on January xx at $ xx.xx
Earnings Date 01/26/12 (unconfirmed)
Average Daily Volume = 985 thousand
Listed on January 03, 2011