Post by Catdaddy on Oct 23, 2007 11:23:26 GMT -5
Newmont Mining (NEM) NewsBite - Newmont Mining Rallying on Rising Gold Futures
www.marketintelligencecenter.com/articles/457758
Posted on Tuesday, October 23, 2007 10:43 AM
Newmont Mining Corp. (NEM) opened at 45.23. So far today, the stock has hit a low of 45.20 and a high of 45.85. NEM is now trading at 45.34, up 0.37 (0.82%). The stock hit its 52 week high of 48.42 in September and set its 52 week low of 38.01 in August. NEM fell during the first half of this year, but has shown signs of strength since August. Newmont Mining shares have been rallying in today's session helped by rising gold futures. Technical indicators for the stock are bullish and steady while S&P gives NEM a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a December bull-put credit spread below the $37.50 range. NEM stock could fall up to 17.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]
www.marketintelligencecenter.com/articles/457758
Posted on Tuesday, October 23, 2007 10:43 AM
Newmont Mining Corp. (NEM) opened at 45.23. So far today, the stock has hit a low of 45.20 and a high of 45.85. NEM is now trading at 45.34, up 0.37 (0.82%). The stock hit its 52 week high of 48.42 in September and set its 52 week low of 38.01 in August. NEM fell during the first half of this year, but has shown signs of strength since August. Newmont Mining shares have been rallying in today's session helped by rising gold futures. Technical indicators for the stock are bullish and steady while S&P gives NEM a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a December bull-put credit spread below the $37.50 range. NEM stock could fall up to 17.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]
