Bullish Two Hundred Day Moving Average Cross - NEM

In trading on Wednesday, shares of Newmont Mining Corp. (NEM) crossed above their 200 day moving average of $26.24, changing hands as high as $26.26 per share. Newmont Mining Corp. shares are currently trading up about 3.9% on the day. The chart below shows the one year performance of NEM shares, versus its 200 day moving average:

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Newmont Mining Corp.  200 Day Moving Average Chart

Looking at the chart above, NEM's low point in its 52 week range is $20.79 per share, with $35.44 as the 52 week high point — that compares with a last trade of $26.00.

According to the ETF Finder at ETF Channel, NEM makes up 9.77% of the iShares MSCI Global Gold Miners ETF ( RING) which is trading higher by about 2.2% on the day Wednesday.

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