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Newmont Mining Corp. Breaks Above 200-Day Moving Average - Bullish for NEM

By Metals Channel Staff, Thursday, September 13, 4:12 PM ET
Play Video: Learn About The 200 DMA

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In trading on Thursday, shares of Newmont Mining Corp. (NYSE:NEM) crossed above their 200 day moving average of $53.23, changing hands as high as $55.85 per share. Newmont Mining Corp. shares are currently trading up about 5.3% on the day. The chart below shows the one year performance of NEM shares, versus its 200 day moving average:

Newmont Mining Corp.  200 Day Moving Average Chart

Looking at the chart above, NEM's low point in its 52 week range is $42.95 per share, with $72.42 as the 52 week high point that compares with a last trade of $55.32.

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According to the ETF Finder at ETF Channel, NEM makes up 10.00% of the Gold Miners ETF (AMEX:GDX) which is trading up by about 4.7% on the day Thursday.

See what other ETFs contain NEM
See what other stocks are held by GDX

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