Newmont Mining: Clearing short term moving average (NYSE:NEM)

by Josh Newmont Mining Corp. ($NEM) is crossing above the 50 day moving average today. Technical traders view a 50 day moving average as medium term support / resistance. Shares were last at $30.98 on a volume of 5,859,520 shares, above the average volume for midday.

Shares have been in a downward trending channel, shares gapped up to open above the top of the channel and above the 50 day moving average.

Newmont Mining ($NEM) shares are trading below the 200 day moving average currently at $38.20.

52 Week Range $26.43-$57.93 Market Cap 15,262,726,638 Average Volume 9,269,010 Dividend Yield 4.74% Institutional Ownership 81.10% Insider Ownership: 0.40% Percentage of Float Short 4.90% Beta 0.38

Newmont Mining Corp. Newmont Mining Corporation is engaged in the exploration for and acquisition of gold properties. It is also engaged in the production of copper, mainly through its Batu Hijau operation in Indonesia and Boddington operation in Australia.

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