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Bunge Crosses Below its 10-day MA (BG)

By David Diaz

Today, shares of Bunge (NYSE:BG) have crossed bearishly below their 10-day moving average of $80.95 on a volume of 786K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 71% above that low price at $78.69 per share. The 200-day and 50-day moving averages have moved 0.78% lower and 1.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bunge on February 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.40. Since that recommendation, shares of Bunge have risen 11.5%. We continue to monitor BG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Bunge

Ticker(s): BG