Gold Mining Stock Poised for a Short-Term Bounce

Liliana Orozco

Thu, June 11, 2026 astatine 12:40 PM CDT 1 min read

Newmont Corporation (NYSE:NEM ) stock was past seen up 2.4% to commercialized astatine $95.01, poised to drawback its 4 time losing streak. The 260-day moving mean rushed successful arsenic support, keeping losses successful check. 

This trendline has yielded bullish returns successful the past. According to Schaeffer's Senior Quantitative Analyst Rocky White, NEM is trading wrong 0.75 times the 260-day moving average's 20-day mean existent scope (ATR), aft spending astatine slightest 80% of the erstwhile 2 weeks and 80% of the anterior 42 trading sessions supra that trendline. This setup has appeared 11 times during the past decade, aft which the banal was higher 1 period aboriginal 55% of the time, averaging a 6% gain. A comparable rally from existent levels would spot Newmont banal astatine $100.71.

The banal besides sports a lofty Schaeffer's Volatility Scorecard (SVS) of 80 retired of 100, suggesting the equity has consistently realized higher-than-expected volatility arsenic of late.