timwest

Newmont Mining NEM Daily Trend Analysis

Long
NYSE:NEM   Newmont Corporation
4
NEM has nearly reached the conservative target for the move out of the 13-day accumulation area.

A more aggressive 27.40 target still stands and there is plenty of time left in the 13-day pattern.

If you are already long, stops can be raised to breakeven.

It is tempting to take some off the table given the decent return in a short period of time.

10:27AM EST, 3/17/2014

Tim 26.14 last NEM

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