|
NEWMONT MINING
(NEM-NYSE):
Technical Viewpoint: From a low
of $37.02 on Jan 29, 2009 prices
rallied, reaching a
high of $45.00
on Feb 20, 2009. A
decline saw prices pull back, reaching a
low of
$34.40 on Mar 10, 2009.
Another rally saw prices penetrate
resistance, closing 3/20/09
at $44.19. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 19, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at $45.00.
Point & Figure: Reversed to the upside on Mar 19, 2009. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! NEWMONT MINING
(NEM-NYSE) @ $44.88 Stop: Use a protective stop of $42.88.
NEWMONT MINING is currently trading @ $44.19 plus $1.29 on Mar 21, 2009. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $10.12. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1
|
