Stock Of The Day – Will The Newmont Mining Rally Continue?
1. NEM is trading flat after last week's significant price increase. 2. Resistance is anticipated around the $58.00 level for NEM. 3. Previous resistance at $58.00 caused a reverse to $48.00. 4. Aggressive buying is necessary for NEM to break through resistance. 5. Market factors indicate potential for continued upward movement or a stall.