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Shares of NEM Down 22.5% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Newmont Mining (NYSE:NEM) on May 1st, 2018 at $38.98. In approximately 5 months, Newmont Mining has returned 22.46% as of today's recent price of $30.22.

In the past 52 weeks, shares of Newmont Mining have traded between a low of $29.16 and a high of $42.04 and are now at $30.22, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.7%.

Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces and markets gold and copper. Newmont Mining serves customers worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Newmont Mining.

Log in and add Newmont Mining (NEM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights newmont mining

Ticker(s): NEM