Stock Of The Day – Will The Newmont Mining Rally Continue?

Shares of Newmont Corporation NEM are trading flat Monday. The company’s stock moved significantly higher last week due to the recent boom in gold.There is a chance the move higher resumes. And if it does, there is also a chance it ends or stalls around the $58.00 level. This is why it is our Stock of the Day.Resistance is a price level or zone where there is a large amount of sell interest. If a market is trending higher, there aren't enough sell orders to fill all the buy orders. Traders and investors who ...