• Return to Headlines

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

By James Quinn

Newmont Mining (NYSE:NEM) crossed under its 10-day moving average of $38.28 on a volume of 481K 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 $29.06 to $41.23 and is now at $38.17, 31% above that low. The 200-day and 50-day moving averages have moved 0.29% higher and 0.29% higher over the past week, respectively.

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