🟡 Newmont (NEM) Stock Chart Update — Bullish Momentum Continues
Newmont’s (NEM) share price has shown strong bullish action recently, reaching new 52-week highs and outperforming many market peers as gold prices rally. The stock’s technicals reflect sustained upside momentum supported by solid earnings and investor interest.
Key Facts:
• NEM hit a 52-week high near ~$118.49, signaling strong breakout behavior on the chart.
• Technical indicators show a bullish trend with price above key moving averages (MA5 → MA200).
• Recent gold price strength has boosted mining names, with NEM among top sector performers.
Expert Insight:
Chart momentum and breakout patterns suggest the uptrend may persist, but near-overbought conditions mean traders should watch for short-term pullbacks. Long-term strength remains tied to gold price fundamentals and Newmont’s operational performance.
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