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

By Nick Russo

Today, shares of Bunge Ltd (NYSE:BG) have crossed bullishly above their 10-day moving average of $75.03 on a volume of 127K shares. Swing traders may find 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 $75.25, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Bunge Ltd and will alert subscribers who have BG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Bunge Ltd

Ticker(s): BG