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Newmont Mining (NEM) Crosses Pivot Point Resistance at $30.93

By Amy Schwartz

Newmont Mining (NYSE:NEM) has opened bullishly above the pivot of $30.47 today and has reached the first level of resistance at $30.93. Should the shares continue to rise, the resistance pivots of $31.29 and $32.11 will be of interest.

Newmont Mining has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $44.20. The stock should run into initial resistance at its 50-day moving average (MA) of $31.88 and subsequent resistance at its 200-day MA of $36.99.

Newmont Mining share prices have moved between a 52-week high of $42.04 and the current low of $0.00 and are currently at $0.00 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 1.18% lower 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: pivot alerts newmont mining

Ticker(s): NEM