user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 485052 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Newmont Mining (NEM) Breaks Through Support at $32.83

Published on Tue, 04/23/2013 - 12:41
By Mallory Stone

Newmont Mining (NYSE:NEM) has opened bearishly below the pivot of $33.37 today and has reached the first level of support at $32.83. Analysts will be watching for a cross of the next downside pivot targets of $32.25 and $31.13.

Newmont Mining share prices have moved between a 52-week high of $57.93 and the current low of $31.77 and are currently at $32.33 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.8%.

There is potential upside of 66.1% for shares of Newmont Mining based on a current price of $32.33 and an average consensus analyst price target of $53.72. The stock should find initial resistance at its 50-day moving average (MA) of $39.78 and further resistance at its 200-day MA of $46.22.

Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $130.44. This ...

Union Pacific: The Winning Streak Contin...

Union Pacific (NYSE:UNP) traded at a new 52-week high today of $109.35. Approximately ...

Tuesday Morning Looks to Continue to Tra...

Tuesday Morning (NASDAQ:TUES) traded at a new 52-week high today of $19.52. So far tod ...

Watch for Continued Gains in Shares of T...

TeleNav (NASDAQ:TNAV) traded at a new 52-week high today of $7.80. This new high was r ...

Shares of Teradyne Have Risen Above Prev...

Teradyne (NYSE:TER) traded at a new 52-week high today of $20.88. Approximately 1.2 mi ...

Recent 52-Week High Exceeded in Shares o...

Shares of Sierra Wireless (NASDAQ:SWIR) traded today at $30.45, breaking its 52-week hi ...

Watch for Continued Gains in Shares of S...

Steel Dynamics (NASDAQ:STLD) traded today at a new 52-week high of $25.16. So far toda ...

Sanofi-Aventis: 52-Week High Recently Ec...

Shares of Sanofi-Aventis (NYSE:SNY) traded today at $56.86, breaking its 52-week high. ...