Newmont (NEM) Offering Possible 8.46% Return Over the Next 8 Calendar Days

Newmont's most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $39.50 short put and a strike $34.50 long put offers a potential 8.46% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $34.50 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 at 69.9 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

Charles de Vaulx's Top 5 Buys of the 3rd Quarter
Mon, 09 Dec 2019 21:01:07 +0000
IVA Worldwide Fund releases portfolio. New holdings include three gold stocks Continue reading…

IBD Rating Upgrades: Newmont Mining Shows Improved Relative Price Strength
Fri, 06 Dec 2019 16:30:00 +0000
A Relative Strength Rating upgrade for Newmont Mining shows improving technical performance. Will it continue?

Gold Mining Stocks' Near-Term Prospects Shine Bright
Fri, 06 Dec 2019 14:29:02 +0000
Gold Mining Stocks' Near-Term Prospects Shine Bright

Newmont (NEM) Up 3.9% Since Last Earnings Report: Can It Continue?
Thu, 05 Dec 2019 16:31:04 +0000
Newmont (NEM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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Thu, 05 Dec 2019 13:52:01 +0000
Uncertainties related to the United States-China trade talks, global economic slowdown and downbeat view for key sectors are triggering demand for gold.

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