Stock Picks – Newmont Mining Corp-NEM

by Sam Collins | March 11, 2010 4:37 am

 

Newmont Mining Corp. (NEM[1]) – This mining company is one of the world’s largest gold producers.  

 

 

NEM bounced from just under its bullish support line in January, and then had a two-week consolidation starting in late February.

That consolidation took the form of a bullish flag, from which prices broke higher again yesterday. 

Accompanying the positive price action, the stochastic issued a buy signal. 

The trading target for NEM is $56. S&P rates the stock a “four-star buy” with a 12-month price objective of $61.

Related Articles:

• Take Another Stab at JBHT[2]
• Is There Any Upside Left in Semi Stocks? [3]
• Should You Ride That HOG?[4] 

---

Going Global for World-Class Profits
Countries such as Brazil, India and China are all forecasting GDP growth that surpasses that of the United States. This special report from CNBC’s Maria Bartiromo shows you the best way to go after world-class profits now. Download your FREE copy here.[5][6]

Source URL: http://www.investorplace.com/2010/03/stock-picks-newmont-mining-corp-nem/
Short URL: http://www.investorplace.com/?p=6024

---