NEWMONT MINING CORP
(NEM-NYSE):
Technical Viewpoint: From a low
of $18.52 on Jan 8, 2002 prices
rallied, reaching a
high of $25.90
on Feb 6, 2002. A
decline saw prices pull back, reaching a
low of
$22.50 on Mar 8, 2002.
Another rally saw prices penetrate
resistance, closing 3/22/02
at $26.37. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.00. Resistance: Is at $28.38.
Point & Figure: Reversed to the upside on Mar 18, 2002. A P&F upside
reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! NEWMONT MINING CORP
(NEM-NYSE) @ $26.50 Stop: Use a protective stop of $24.50.
NEWMONT MINING CORP is currently trading @ $26.37 plus $1.13 on Mar 22, 2002. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $12.50. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $12.50
Risk/Reward Ratio:
6:1
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