Bunge Crosses Above its 10-day MA (BG)
Bunge (NYSE:BG) crossed over its 10-day moving average of $58.39 on a volume of 214K shares. Swing traders may find an opportunity 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 28% above that low price at $59.17 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 recommended that its subscribers protect gains by selling shares of Bunge on June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $62.18. Since that call, shares of Bunge have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Bunge