Newmont Mining Corp
Ticker Symbol: NEM (NYSE)	Industry Group: Mining- Gold/Silver/Gems	Shares Outstanding:  478,600,000
Price: $59.60 6/22/2010  3:25PM	Day's Volume: 4,840,200 6/22/2010 3:25PM	Shares in Float:  483,000,000
52 Week High: $61.78 6/18/2010	50-Day Average Volume: 9,318,400	Up/Down Volume Ratio: 1.4
Pivot Point: $59.67 5/12/2010 high plus $0.10	Pivot Point +5% = Max Buy Price: $62.66	Web Address: http://www.newmont.com

   CANSLIM.net Profile: Newmont Mining Corporation (NEM), together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. Its assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. As of December 31, 2009, Newmont had proven and probable gold reserves of approximately 91.8 million equity ounces and an aggregate land position of approximately 33,400 square miles. The C and A criteria are satisfied as the company has demonstrated solid quarterly sales revenues and earnings increases (above the +25% minimum guideline) in recent comparisons and it has a good annual earnings history. The group's Relative Strength rank of 91 provides a nice reassurance for the L criteria. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.  Many other gold mining interests are headquartered overseas which increases their potential pitfalls due to geopolitical shifts.

What to Look For and What to Look Out For: Look for the stock to confirm a new technical buy signal by confirming its recent gain above its $59.67 pivot point with gains on heavy volume in the coming days and weeks. Buyable breakouts require that the stock rise above its pivot point with considerable gains and those gains must be backed by a minimum of at least +40%-50% above average volume, ideally much more.  As always, it is of the utmost importance to sell a stock if it drops 7-8% below your purchase price. This high-ranked leader should remain on an active watchlist and could be considered as a new buy candidate in the event it closes above its pivot point on the necessary volume needed to trigger a technical buy signal. Look for an opportunity to properly pyramid buying efforts with chasing the stock more than 5% above its Pivot Point or "Max Buy" level.

Technical Analysis: NEM is currently pulling back to retest its pivot point and prior chart highs. Recent gains lacked the heavy volume required to trigger a proper buy signal. No overhead supply remains to act as resistance. Keep in mind it is also near its January 2006 all-time high ($62.72) and it is within striking distance of a long-term technical breakout.  Newmont is trading above its upward sloping 50-day moving average line, which is another healthy sign considering all the major averages are currently trading below their respective 50 DMA lines. In addition, the 50 DMA line is sloping higher and is currently above its longer term 200 DMA line which is also another positive.