Newmont (NEM) Offering Possible 6.38% Return Over the Next 19 Calendar Days

Newmont's most recent trend suggests a bearish bias. One trading opportunity on Newmont is a Bear Call Spread using a strike $23.00 short call and a strike $28.00 long call offers a potential 6.38% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $23.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $28.00 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 24.13 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

NEWMONT MINING CORP /DE/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 03 Jun 2014 10:33:55 GMT

Newmont halts copper concentrate output at Indonesian mine
Tue, 03 Jun 2014 06:58:26 GMT

Newmont halts copper output from Indonesian mine – union
Tue, 03 Jun 2014 04:20:39 GMT

Barrick Gold Has “Learned Some Hard Lessons”: Report
Mon, 02 Jun 2014 15:54:00 GMT

Barrick Gold's chief admits lessons learnt from recent setbacks
Mon, 02 Jun 2014 14:30:38 GMT
Financial Times – Barrick Gold built its case for a merger with Newmont Mining on the savings the world's two largest gold miners by output could extract from their joint holdings in Nevada. Now Barrick's chief executive …

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