Technical Analysis on Metals and Mining Equities -- Research on Newmont Mining, Goldcorp, Eldorado Gold, and Gold Fields

LONDON, May 28, 2014 /PRNewswire/ --

The trading session on Tuesday, May 27, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,675.50, up 0.42% and the NASDAQ Composite closed at 4,237.07, up 1.22%. The S&P 500 finished the day 0.60% higher at 1,911.91. The gains were broad based as nine out of ten sectors finished on a positive note. The S&P 500 Materials Sector Index edged 0.01% higher to close the day at 305.78, and the index has gained 2.86% in the previous one month. Investor-Edge has initiated coverage on the following equities: Newmont Mining Corp. (NYSE: NEM), Goldcorp Inc. (NYSE: GG), Eldorado Gold Corp. (NYSE: EGO) and Gold Fields Ltd (NYSE: GFI). Free technical research on NEM, GG, EGO and GFI can be downloaded upon signing up at:

http://www.investor-edge.com/3108-register

Shares in Newmont Mining Corp. fell by 3.08% on Tuesday, closing the day at $22.68. The stock recorded a trading volume of 7.52 million shares, which was close its three months average volume of 7.99 million shares. The stock oscillated between $22.61 and $23.22 during the session. Over the previous three trading sessions and in the last one month, Newmont Mining Corp.'s shares have declined 3.86% and 14.25%, respectively. Moreover, the stock has lost 1.52% from the beginning of 2014. The company's shares are trading below their 50-day and 200-day moving averages. Newmont Mining Corp.'s 50-day moving average of $24.39 is below its 200-day moving average of $25.72. Furthermore, the company's stock traded at a PE ratio of 6.24 and has a Relative Strength Index (RSI) of 40.61. Sign up today to read free research on NEM at:

http://www.investor-edge.com/3108-NEM-28May2014.pdf

Goldcorp Inc.'s stock finished Tuesday's trading session 3.72% lower at $23.56. A total of 6.55 million shares were traded, above its three months average volume of 5.10 million shares. The stock moved between $23.40 and $24.38 during the session. Goldcorp Inc.'s stock has lost 4.65% in the previous three trading sessions and 5.23% in the last one month. However, the stock has advanced 8.72% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $25.05 and $25.21, respectively. Furthermore, Goldcorp Inc.'s stock and has an RSI of 43.67. Sign up today to read free research on GG at:

http://www.investor-edge.com/3108-GG-28May2014.pdf

On Tuesday, shares in Eldorado Gold Corp. fluctuated between $5.68 and $5.85 before ending the session 4.05% lower at an intra-day low of $5.68. The company's stock reported a trading volume of 6.56 million shares, above its three months average volume of 4.31 million shares. Shares in Eldorado Gold Corp. have declined 3.40% in the previous three trading sessions, 4.38% over the last one month and 0.18% on YTD basis. Eldorado Gold Corp.'s stock is trading below its 50-day and 200-day moving averages of $6.01 and $6.56, respectively. Moreover, the company's shares have an RSI of 47.67. Sign up today to read free research on EGO at:

http://www.investor-edge.com/3108-EGO-28May2014.pdf

Shares in Gold Fields Ltd recorded a trading volume of 4.01 million shares, which was close to its three months average volume of 4.62 million shares. The stock ended the day at $3.64, which was 6.91% lower its previous day's closing of $3.91, and registered an intraday range of $3.63 and $3.81. Shares in Gold Fields Ltd have fallen by 6.91% in the previous three trading sessions and 15.74% in the last one month. However, the stock has gained 13.75% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $4.00 and $4.18, respectively. Additionally, shares of the company have an RSI of 44.42. Sign up today to read free research on GFI at:

http://www.investor-edge.com/3108-GFI-28May2014.pdf


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2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

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SOURCE Investor-Edge

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