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Bunge Bearish Moving Average Crossover Alert (BG)

By James Quinn

Bunge (NYSE:BG) crossed under its 10-day moving average of $63.31 on a volume of 194K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Bunge share prices have been bracketed by a low of $46.08 and a high of $93.04 and are now at $62.88, 36% above that low price. The 200-day and 50-day moving averages have moved 0.78% lower and 1.71% higher over the past week, respectively.

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

Ticker(s): BG