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Bullish Moving Average Cross by Newmont Mining (NEM)

By Nick Russo

Newmont Mining (NYSE:NEM) crossed over its 10-day moving average of $38.95 on a volume of 2.6 million shares. This may provide short-term investors a chance 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 $29.06 and a high of $41.23 and are now at $39.78, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Newmont Mining and will alert subscribers who have NEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses newmont mining

Ticker(s): NEM