OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday May 21st is Newmont Mining Corporation (NEM). NEM is part of the Materials Sector (XLB). Over the last month, XLB has been in a strong bullish trend and experienced a 2.84% move higher with a resistance level at $52.22.

Newmont Mining Corporation has been in a strong bullish trend since the end of April and recently set a new 52-week high after bouncing off its $26.90 support level. As NEM continues to show positive momentum with a technical score of 10 (out of 10), it looks positioned to move higher and make new highs.

View this trade idea on $NEM