Newmont Corporation (NEM) Just Overtook the 20-Day Moving Average

Core Viewpoint - Newmont Corporation (NEM) is showing potential for investment due to its recent technical indicators and positive earnings revisions [1][3]. Technical Analysis - NEM has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1]. - The stock price has been moving higher over the past four weeks, increasing by 10.2% [2]. Earnings Estimates - There have been four upward revisions for NEM's earnings estimates for the current fiscal year, with no downward revisions, leading to a positive consensus estimate [3]. - The combination of positive earnings revisions and technical indicators suggests that NEM may continue to see gains in the near future [3].