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Why gold stocks like Newmont need to be on your radar right now
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Newmont Mining Corporation (NYSE:NEM) shares are the target of Serge Berger this Monday. The gold producer has had steady momentum since June and has consistently pushed above its medium term averages. September is often a weak time for equities and when there's uncertainty and volatility, gold and gold shares tend to do better than others. Serge says NEM stock already appears to be breaking a bullish-flag formation.
Serge is looking to buy at $27, his target is $29.50 and he has a Stop at $25.80.