Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. Co.'s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir.
When researching a stock like Newmont Goldcorp, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from NEM Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for NEM stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the NEM 200 day moving average ("NEM 200 DMA"), while one of the most popular "shorter look-backs" is the NEM 50 day moving average ("NEM 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Newmont Goldcorp. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the NEM 200 DMA and the NEM 50 DMA, we get a moving average convergence divergence indicator ("NEM MACD"). The NEM MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis