iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Reverse Bunge Jumping

bungi-jumping

One of the stars of the first half 2008 run-up in commodities and commodity stock was Bunge, which has seen been as quiet as Church mouse.

Recently, though, the farm products firm has shown signs of waking up.

On the monthly chart, below, note the potential for a clean, multi-year base bottom breakout, especially over $84. Much like SQM, I would keep this ag-related play on your radar as a long-term idea.

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BG

 

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