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Newmont Mining Bullish Moving Average Crossover Alert (NEM)

By Amy Schwartz

Newmont Mining (NYSE:NEM) shares have crossed bullishly above their 10-day moving average of $47.33 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Newmont Mining share prices have been bracketed by a low of $29.77 and a high of $52.49 and are now at $50.35, 69% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

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