• Return to Headlines

Bullish Moving Average Cross by Newmont Mining (NEM)

By David Diaz

Today, shares of Newmont Mining (NYSE:NEM) have advanced above their 10-day MA of $33.66 on a volume of 1.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Newmont Mining share prices have been bracketed by a low of $15.39 and a high of $46.07 and are now at $33.99, 121% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Newmont Mining on February 28th, 2017 by issuing a Downtrend alert when the shares were trading at $34.51. Since that call, shares of Newmont Mining have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses newmont mining

Ticker(s): NEM