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Bunge Ltd Crosses Above its 10-day MA (BG)

By Shiri Gupta

Today, shares of Bunge Ltd (NYSE:BG) have advanced above their 10-day MA of $73.08 on a volume of 961K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Bunge Ltd have traded between a low of $56.69 and a high of $83.75 and are now at $74.18, which is 31% above that low price. 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 Ltd on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $75.06. Since that call, shares of Bunge Ltd have fallen 4.6%. 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