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.