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NEWMONT MINING CORP
(NEM-NYSE):
Technical Viewpoint: From a low
of $20.80 on Jul 24, 2002 prices
rallied, reaching a
high of $27.37
on Aug 14, 2002. A
decline saw prices pull back, reaching a
low of
$24.76 on Aug 21, 2002.
Another rally saw prices penetrate
resistance, closing 8/27/02
at $27.35. Technicals: RSI Index (RSI): A Buy Alert!
was given on Aug 27, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.50. Resistance: Is at $29.36.
Point & Figure: Reversed to the upside on Aug 26, 2002. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! NEWMONT MINING CORP
(NEM-NYSE) @ $27.75 Stop: Use a protective stop of $25.75.
NEWMONT MINING CORP is currently trading @ $27.35 plus $0.53 on Aug 27, 2002. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
5:1
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