Ball Corp is the world’s leading manufacturer of home canning and aluminum packaging for beverages, household products, and personal care products. The company also has an aerospace division providing high-tech products to commercial and government customers. Ball Corp’s experience, market leadership, and strong heritage make it a formidable player in the industries where it has a presence. As a result, its long-term prospects are bright.

The long-term monthly chart for Ball Corp shows a decade-long uptrend that accelerated post-2018. Despite the pandemic, the stock continues to make higher highs and higher lows. The most recent pullback occurred in late-2020 and early-2021 when the price fell by about 20%. However, since 2018, the price has been bound within a clear trend channel. The $82 level is an important one, having previously acted as a resistance and providing support. The price in April 2021 bounced up from close to the $82 level and now looks set to retest the $100 levels again. A minimum stop loss can be placed around the $78 mark below the bottom of the long-term trend.

Position entered into our long-term tracking portfolio today. The entry point is $90.93, and a stop-loss placed $76.73, which is 16 % below the entry point. The short-term to medium take profit at the top of the trend is set at $106.18, giving a profit of 17%.