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

By Amy Schwartz

Today, shares of Newmont Mining (NYSE:NEM) have crossed bearishly below their 10-day moving average of $39.17 on a volume of 3.9 million shares. This may provide short-term investors a chance 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 $40.33 and a 52-week low of $29.06 and are now trading 29% above that low price at $37.59 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 1.57% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Newmont Mining on May 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.89. Since that recommendation, shares of Newmont Mining have risen 19.5%. We continue to monitor NEM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses newmont mining

Ticker(s): NEM