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6 Stocks to Sell in June

Bearish technical characteristics make these stocks dangerous holdings in a volatile market

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Stock to Sell #3 – Bunge Ltd. (BG)

Bunge Ltd. (BG), a large agribusiness and food company, was recently revised by Fitch to “stable.” But currency uncertainties and food shortages have worked against a turnaround for the company, and the stock has been in a bear market since February.

In late May, BG broke down from an attempt to punch through its 200-day moving average, and a death cross was executed. Also note that the CBR triggered a sell signal and MACD went negative. Sell BG at the market.

BG Chart
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Chart Key 

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