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Watch for Shares of Newmont Mining (NEM) to Approach Resistance at $40.37

By Amy Schwartz

Shares of Newmont Mining (NYSE:NEM) have bullishly opened above the pivot of $38.62 today and have reached the first resistance level of $39.55. Analysts will be watching for a cross of the next upside pivot targets of $40.37 and $42.12.

There is potential upside of 0.0% for shares of Newmont Mining based on a current price of $0.00 and an average consensus analyst price target of $44.20. The stock should find initial resistance at its 200-day moving average (MA) of $34.97 and further resistance at its 50-day MA of $38.78.

In the past 52 weeks, Newmont Mining share prices have been bracketed by a current low of $0.00 and a high of $41.23 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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