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.