BG offers a great setup to get long with.

bunge jumping fail swing trade longStock: Bunge Ltd (BG)

Long or Short: Long

Entry Range: $75.11

Stop-Loss: $72.79

Chart: Bunge Ltd. (BG) Daily

Bunge BG breaking out and trending up

Reason for Trade: I have eye-balled this stock for quite some time now, and have kicked myself on multiple occasions when the setup was good for not taking it. Once again though, BG is providing a nice opportunity to get long and I’m pulling the trigger on it today at $75.11.

This has been one of the better upward trending stocks that this market has too offer and with it trading nicely in a well-defined channel, there is a lot of ceiling room in BG before it hits any major resistance. 

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