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5 Big Trades to Take This Year


After a slow start last year, Bunge (BG - Get Report) kicked it into high gear in the last six months, catching up with the S&P's performance by year-end. But if you missed the upside in this $12 billion agribusiness, never fear. The technicals indicate that Bunge has greener pastures ahead.

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That's because Bunge is currently forming an ascending triangle pattern, a bullish setup formed by horizontal resistance to the upside at $83 and uptrending support below shares. Basically, as Bunge bounces in between those two technical levels, it's getting squeezed closer and closer to a breakout above resistance. When that breakout above $83 happens, we've got our buy signal.

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The 50-day moving average has been acting as a solid proxy for support all the way up Bunge's rally. That makes it a logical level to keep a protective stop if you decide to be a buyer.

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AET $109.18 0.00%
BG $77.12 0.00%
CHL $58.97 0.00%
TGT $78.88 0.00%
AAPL $112.12 0.00%


Chart of I:DJI
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