Newmont Goldcorp Corporation ($NEM) is scheduled to announce its earnings on Thursday, February 20 before the market opens. It could be the catalyst to break this resistance level. Weekly chart.
Newmont Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the...
NEM is still consolidating its move. Earnings on deck next week. I think this has a couple bucks of downside at most. Doubt it will break the indicated support. Still needs to take out the 2016 high. Next move up should do it and there will not be much resistance above.
ok so the price has broken out of a triangle setup. Barrick is at also very close to breakout. these 2 signal further rises in the price of GOLD in $USD
Want a different way to play gold? Buy a miner! This is one of the top rated out there and it looks like it's about to breakout. In order to take the trade I will have to see a close above 46.07 on a weekly basis. If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as...
Newmont breakout of recent high and very close to major breakout zone at 44.87. I would buy here and exit if the trend line breaks.
Probable DBL TOP (M) forming, Bearish div in the RSI, Willy stupid, M forming in the OBV risk 0,9% of the position
Newmont Goldcorp NEM is holding at a critical technical level right now. With this volume, it's hard to ignore. However, make sure to note the strategy the company is taking up right now. Deals and strategic investments. They just threw another $8 out there. This time it was to GTT . QUOTE "It’s also important to keep in mind other big deals that the...
newmont has broken out. Barrick is still lagging. buy the break out. long term hold.
Newmont is the only gold mining stock that's inside the S&P 500 index. So, it's a neat way to ride Gold miners while catching inflow (and outflows...) from the S&P. I think that explains its relative outperformance to GDX this month, since the S&P really ripped on the backs of Not QE. This is probably one to watch and buy every dip.
Entry level $43.69 = Target price $50.00 = Stop loss $41.70 Speculation regarding the rise of gold in 2020 is strong as we enter a election year and many geo political issues worldwide. Gold is seen as the safe haven and gold miners are they obvious benefactors.
Newmont, like most gold miners has broken out of a range to the up side.
Looking for a long here on this one. As usual, I like 3-4 month ATM calls upon a breakout above the 42 level.
Gold is down some $16 today and NEM is hardly down holding the break of the downtrend channel. The most recent impulse leg took out two important prior peaks and I see this to just under $42 on next move. Volume picking up and 20 day coming up through 50 day and 100 day. Looks like 50 day wants to cross back above the 100 day as well. Still has room in MACD...
Gold and gold miners like Newmont rallied over the summer when interest rates crashed. But they’ve staggered since early September and now NEM is showing some potentially bearish signals. First, NEM wasn’t able to get back above its old highs from early 2018. Second, it’s been consolidating below both its 50- and 100-day simple moving averages. Third, it had a...
Newmont the most volatile that it's been in a long time. Earnings and revenues fell short of expectations but still better than last year. Holding at key FIB levels and bounced off the 200 day. I like this to move higher over the next couple weeks as it readies itself for the next move up.
If gold is just finishing its triangle continuation pattern and ready to move higher, then NEM is a great buy! Any options in the $39-$40 level expiring next week should do excellent, if that is the case.