Barchart.coms Chart of the Day - Newmont Mining (NEM)
The "Chart of the Day" is Newmont Mining (NEM), which showed up on Monday's Barchart "All Time High" and the "Gap Up" lists. Newmont Mining on Monday rallied by 3.96% and posted a new all-time high of $72.29. TrendSpotter has been Long since Oct 14 at $66.86. Newmont Mining was boosted yesterday by the extension of the 6-week rally in gold prices to a new 7-week high. In recent news on the stock, Newmont Mining on Oct 27 reported Q3 EPS of $1.29 versus the consensus of $1.24. Blackrock on Oct 25 said it sees "massive" opportunity in mining stocks that have been hit hard in recent months and offer compelling valuations and healthy balance sheets. TD Newcrest on Oct 25 initiated coverage on Newmont with a Buy and a target of $85. However, CIBC on Oct 31 downgraded Newmont to Sector Underperformer due to valuation and Deutsche Bank on Oct 28 removed Newmont from its short-term buy list. Newmont Mining, with a market cap of $33 billion, is one of the world's largest gold mining companies with operations in the U.S., Peru, Indonesia, Mexico and Uzbekistan.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
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