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Friday, March 23, 2012

Significant Volume Found In Shares Of (TSE: NMC.TO)

Newmont Mining Corporation of Canada Limited (TSE: NMC): fell by 0.46% or $-0.25/share to $53.95. In the past year, the shares have traded as low as $50.26 and as high as $73.64. On average, 1895 shares of NMC.TO exchange hands on a given day and today's volume is recorded at 2050. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $61.03 area but be careful because the stock may face selling pressure at this level.