BUNGE LTD
(BG-NYSE):
Technical Viewpoint: From a low
of $24.39 on Mar 7, 2003 prices
rallied, reaching a
high of $25.56
on Mar 14, 2003. A
decline saw prices pull back, reaching a
low of
$24.35 on Mar 26, 2003.
Another rally saw prices penetrate
resistance, closing 4/8/03
at $26.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 8, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.63. Resistance: Is at $26.50.
Point & Figure: Reversed to the upside on Apr 8, 2003. A P&F upside
reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! BUNGE LTD
(BG-NYSE) @ $26.38 Stop: Use a protective stop of $24.38.
BUNGE LTD is currently trading @ $26.25 plus $0.55 on Apr 8, 2003. Price Objective:
$37.00. Risk/Reward: $2.00 VS. $10.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.00
Risk/Reward:
$2.00 VS. $10.63
Risk/Reward Ratio:
5:1
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