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Bunge is Trading below Its 100-Day and 50-Day Moving Averages

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Moving averages

As of February 4, 2016, Bunge (BG) closed at $59.5. It’s trading 1.8% and 12% below its 100-day and 50-day moving averages. It’s trading 2.5% above its 20-day moving average. The stock fell 6% in the last two months. Bunge’s peers in the industry include Archer Daniels Midland (ADM), Ingredion (INGR), and B&G Foods (BGS).

Archer Daniels Midland closed at $34.25. This is 13.3% below its 100-day, 7.3% below its 50-day, and 3.4% below its 20-day moving averages. The stock fell 4% in the last two months.

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Ingredion closed at $99.19. This is 6.3%, 4.3%, and 6.8% above its 100-day, 50-day, and 20-day moving averages. The stock benefited 7% in the last two months. B&G Foods is trading 2.5% and 1.2% below its 100-day and 50-day moving averages. It’s trading 0.1% above its 20-day moving average. It gained 3% in the last two months. B&G Foods closed at $35.05 on February 4, respectively.

The First Trust Consumer Staples Alpha DEX Fund (FXG) invests 3.03% in Archer Daniels Midland, 1.5% in Bunge, and 3.2% in Ingredion. FXG is trading 1.3% and 1.7% above its 100-day and 50-day moving averages. It’s trading 0.24% below its 20-day moving average. It closed at $42.8 on February 4.

Analysts’ estimates

Analysts’ estimates indicate upsides of 27% for Archer Daniels Midland, 14% for Bunge, 4% for Ingredion, and 10.1% for B&G Foods from their current level on February 4 for the next 12-month period. As of February 4, Archer Daniels Midland, Bunge, Ingredion, and B&G Foods reported YTD (year-to-date) returns of -6.6%, -13 %, 3.5%, and 0.1%, respectively. FXG reported YTD returns of -3.7%, respectively.

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