• Return to Headlines

Newmont Mining (NEM) Crosses Pivot Point Support at $36.98

By David Diaz

Newmont Mining (NYSE:NEM) has opened bearishly below the pivot of $37.24 today and has reached the first level of support at $36.98. Analysts will be watching for a cross of the next downside pivot targets of $36.83 and $36.42.

Potential upside of 0.0% exists for Newmont Mining, based on a current level of $0.00 and analysts' average consensus price target of $44.20. The stock should run into initial resistance at its 200-day moving average (MA) of $38.20 and subsequent resistance at its 50-day MA of $38.65.

In the past 52 weeks, shares of Newmont Mining have traded between the current low of $0.00 and a high of $42.04 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

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