Bullish Moving Average Cross by Bunge (BG)
Bunge (NYSE:BG) shares have crossed bullishly above their 10-day moving average of $59.77 on a volume of 131K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Bunge share prices have moved between a 52-week high of $93.04 and a 52-week low of $46.08 and are now trading 31% above that low price at $60.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.8%.
SmarTrend is tracking the current trend status for Bunge and will alert subscribers who have BG in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Bunge