Bunge Limited ( BG ) shares have been on quite a comeback since bottoming out below $84 on Mar 31. Since then, shares have risen above $104 and are currently applying significant pressure to a key level of resistance. Much of the recent price strength has been built upon the unbelievable third quarter results posted by Mosaic on Apr 4. The recent surge in the company's stock price has broken the down trend that had been pressuring shares since Jan 15. With Bunge set to report its second quarter results on Apr 24, there should be a fair amount of volitility in this stock going into the number and afterward. Take a look at the chart and look at how the price level at $104 has been containing shares for the last week.
$103.0 (04/14/08)
