Newmont (NEM) Offering Possible 21.65% Return Over the Next 30 Calendar Days

Newmont's most recent trend suggests a bearish bias. One trading opportunity on Newmont is a Bear Call Spread using a strike $26.00 short call and a strike $31.00 long call offers a potential 21.65% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $26.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $31.00 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 76.96 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

Q4 2015 Newmont Mining Corp Earnings Release – After Market Close
Wed, 17 Feb 2016 12:07:02 GMT

Newmont, AngloGold, Randgold Rise As Gold Bugs Start To Swarm
Tue, 16 Feb 2016 21:59:54 GMT

Newmont Mining (NEM) Stock Falls on Lower Gold Prices
Tue, 16 Feb 2016 20:12:00 GMT

Zacks Industry Outlook Highlights: Barrick Gold, Goldcorp, Newmont Mining and Agnico Eagle Mines
Tue, 16 Feb 2016 14:30:02 GMT

Zacks Industry Outlook Highlights: Goldcorp, Newmont Mining, AngloGold Ashanti, Alamos Gold and AuRico Gold
Tue, 16 Feb 2016 14:30:02 GMT

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