The upward trend could come to support Bunge in the coming sessions.
Moreover, at current price, the company is trading 9.78 times its earnings for this year and thus has a significant potential.
Bunge share price is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. The stock is now near the USD 72 short term support and the 100-day moving average. This should catapult the security toward the USD 79.9 resistance.
The most active investors can buy the share in the USD 72 support area and target a return toward USD 79.9. A stop loss can be placed under the USD 72 support.
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Engages in the agriculture and food businessesBunge Ltd. is a holding company, which engages in the supply and transportation of agricultural commodities.It operates its business through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.The...