Newmont (NEM) Offering Possible 5.26% Return Over the Next 6 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 5.26% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $33.00 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 at 41.01 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

Hedge Funds Have Never Been This Bullish On Newmont Goldcorp Corporation (NEM)
Thu, 10 Oct 2019 22:49:37 +0000
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

Newmont Goldcorp's Penasquito Mine Illegal Blockade Lifted
Thu, 10 Oct 2019 13:30:01 +0000
The blockade that affected the mine's production output in Q3 will likely hurt Newmont Goldcorp's (NEM) 2019 results.

Blockade at Newmont Goldcorp Mine in Mexico Ends
Wed, 09 Oct 2019 16:38:00 +0000
The world's biggest gold miner said it's working with the federal and state governments to resolve disputes with opponents.

UPDATE 1-Blockade lifted at Newmont Goldcorp Mexico mine; 11,000 oz gold output hit
Wed, 09 Oct 2019 14:13:49 +0000
Newmont Goldcorp said on Wednesday a blockade that began on Sep. 14 at its Penasquito gold mine in Mexico in northern Zacatecas state has been lifted, though operations remained temporarily suspended. The blockade hit Penasquito's third-quarter production by some 11,000 gold ounces, 1.7 million silver ounces, 13.7 million pounds of lead and 22.8 million pounds of zinc, the world's biggest gold producer said in a statement. “The company continues to work closely with the federal and state governments toward a sustainable, long-term solution, and lifting of the blockade paves the way for the government-sponsored dialogue to resume,” Newmont Goldcorp said.

Newmont Goldcorp Confirms Illegal Blockade Lifted at Peñasquito Mine in Mexico
Wed, 09 Oct 2019 13:20:00 +0000
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) confirmed that the illegal blockade of the Peñasquito mine in Mexico was lifted yesterday. The Company continues to work closely with the federal and state governments toward a sustainable, long-term solution, and lifting of the blockade paves the way for the government-sponsored dialogue to resume. In order to protect people, assets, and the long-term viability of the mine, operations at Peñasquito had been safely suspended since the illegal blockade began on September 14.

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