Newmont Mining (NEM) NewsBite - NEM Rises on Higher Gold
Posted: Tuesday, February 09, 2010 1:40 PM EDT
By: Market Intelligence Center Staff
Newmont Mining (NYSE: NEM) opened at $45.17. So far today, the stock has hit a low of $44.85 and a high of $46.07. NEM is now trading at $45.95, up $1.54 (3.47%). Over the last 52 weeks the stock has ranged from a low of $34.40 to a high of $56.45. NEM shares are receiving support from higher gold futures today. Technical indicators for the stock are neutral and S&P gives NEM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NEM the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 41 range. [ABR-Seven Summits Strategic Investments NewsBite]
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