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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