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Bunge Ltd Bullish Moving Average Crossover Alert (BG)

By Amy Schwartz

Bunge Ltd (NYSE:BG) crossed over its 10-day moving average of $51.63 on a volume of 115K 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.

Over the past year, Bunge Ltd has traded in a range of $48.89 to $76.95 and is now at $52.09, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bunge Ltd on October 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $66.29. Since that call, shares of Bunge Ltd have fallen 21.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Bunge Ltd

Ticker(s): BG