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Newmont Mining Bearish Moving Average Crossover Alert (NEM)

By Amy Schwartz

Newmont Mining (NYSE:NEM) shares have crossed bearishly below their 10-day moving average of $36.43 on a volume of 872K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Newmont Mining share prices have moved between a 52-week high of $46.07 and a 52-week low of $30.19 and are now trading 19% above that low price at $36.05 per share. 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 is monitoring the recent change of momentum in Newmont Mining. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Newmont Mining in search of a potential trend change.

Keywords: moving crosses newmont mining

Ticker(s): NEM