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Newmont Mining Bullish Moving Average Crossover Alert (NEM)

By Shiri Gupta

Today, shares of Newmont Mining (NYSE:NEM) have crossed bullishly above their 10-day moving average of $42.77 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Newmont Mining share prices have moved between a 52-week high of $52.49 and a 52-week low of $29.77 and are now trading 51% above that low price at $44.81 per share. The 200-day and 50-day moving averages have moved 0.26% higher and 0.09% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Newmont Mining. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Newmont Mining in search of a potential trend change.

Keywords: moving crosses newmont mining

Ticker(s): NEM