Newmont (NEM) Offering Possible 10.62% Return Over the Next 27 Calendar Days

Newmont's most recent trend suggests a bearish bias. One trading opportunity on Newmont is a Bear Call Spread using a strike $41.00 short call and a strike $46.00 long call offers a potential 10.62% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $46.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Newmont is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Newmont is bearish.

The RSI indicator is at 35.49 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Newmont

How Miners Reacted to Slumping Precious Metals
Wed, 16 May 2018 21:33:09 +0000
Precious metal mining companies usually follow precious metals. Precious metals seem to be in the doldrums lately over the strength in the US dollar and the potential movement of US interest rates. The recent slump in demand for haven assets has also affected mining stocks.

Home Depot, Newmont Mining and D.R. Horton skid
Tue, 15 May 2018 20:24:16 +0000
Stocks that moved substantially or traded heavily Tuesday: KeyCorp., up 31 cents to $20.47 Financial firms jumped as bond yields rose to their highest levels in almost seven years. Home Depot Inc., down …

How Miners’ Technical Indicators Compare
Tue, 15 May 2018 11:34:18 +0000
Precious metal mining companies typically follow precious metals. Last week, all four precious metals regained some strength.

What Sparked Precious Metals’ Revival
Mon, 14 May 2018 20:17:09 +0000
All four precious metals appreciated on May 10, as forecast by RSI (relative strength index) scores the previous day. Gold rose 0.73% to $1,320.80 per ounce. Silver rose ~1.4% to $16.70, platinum rose 0.98% to $926.50, and palladium rose 2.4% to $1,002. Technicals and macroeconomic events boosted precious metals.

How Are Miners’ Correlations Moving in May?
Thu, 10 May 2018 16:00:02 +0000
In this part of the series, we’ll look at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Hecla Mining (HL), and Kinross Gold (KGC). For the most part, mining stocks move in tandem with gold prices. Among these four miners, Newmont has shown the highest correlation with gold this year, while Hecla has shown the lowest correlation.

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