Newmont (NEM) Offering Possible 27.23% Return Over the Next 14 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $61.50 short put and a strike $56.50 long put offers a potential 27.23% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $61.50 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $56.50 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

Mexican miners ask U.S. to consider it in talks on re-opening
Thu, 30 Apr 2020 02:44:48 +0000
Mexico's miners on Wednesday asked the U.S. government to consider their sector in talks over the reopening of key areas of the Mexican and U.S. economies once quarantine measures imposed over the coronavirus outbreak are gradually repealed. Talks are ongoing both domestically and internationally in North America over how to re-open supply chains among the highly integrated economies of the United States, Mexico and Canada. Mexican President Andres Manuel Lopez Obrador has said, though, that companies in the automotive sector should resume operations in tandem with U.S. counterparts so as to avoid disruptions in highly integrated North American supply chains.

Top Gold Stocks for May 2020
Wed, 29 Apr 2020 16:19:04 +0000
Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious metal.

Newmont (NEM) to Post Q1 Earnings: What's in the Offing?
Wed, 29 Apr 2020 15:49:03 +0000
Benefits of higher gold prices are likely to get reflected in Newmont's (NEM) first-quarter results.

Oil’s Not the Only Commodity Acting Wacky. Just Look at Milk Futures.
Tue, 28 Apr 2020 21:09:00 +0000
STOCKSTOWATCHTODAY BLOG Equity markets have been relatively calm for the past couple of weeks. It’s been a nice respite for weary investors. But now is the time, it seems, for commodity markets to go haywire.

Newmont Corporation (NEM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Tue, 28 Apr 2020 16:33:04 +0000
Newmont (NEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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