NEM Breakout
Add March Calls
PLAY: Buy the NEM March 49 Calls (O:NEM 10C49.00) at or under $1.95, good for the day. Place a protective stop limit at $1.10 and a pre-determined sniper sell at $2.95.
Dear Bottarelli Research Member,
We have an upside breakout opportunity in shares of Newmont Mining (NEM – NYSE). This morning, the Denver mining giant reported earnings of $558 million ($1.13 per share) compared with $4 million ($0.01 per share) during the same period last year. This blew away the $0.79 per share estimate by analysts at Thomson Reuters. Revenues for the three months ended December 31st increased 90% to $2.52 billion, which also handedly beat Wall Street’s estimate of $2.02 billion.
Could this mark the beginning of the next upward push in the gold sector? If so, then it’s time to jump into NEM now. As a pure momentum play, let’s add March calls now!
PLAY: Buy the NEM March 49 Calls (O:NEM 10C49.00) at or under $1.95, good for the day. Place a protective stop limit at $1.10 and a pre-determined sniper sell at $2.95.
And as always…
Lock and load!
Sincerely,
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