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Bunge Ltd Rises 1.13% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Bunge Ltd (NYSE:BG) traded in a range yesterday that spanned from a low of $69.33 to a high of $70.54. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $70.10 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 7.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Bunge Ltd have traded between a low of $63.87 and a high of $83.20 and are now at $70.32, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders Bunge Ltd

Ticker(s): BG