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Newmont Mining Crosses Below its 10-day MA (NEM)

By Nick Russo

Today, shares of Newmont Mining (NYSE:NEM) have fallen below their 10-day MA of $39.90 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Newmont Mining has traded in a range of $30.19 to $46.07 and is now at $39.31, 30% above that low. 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