Newmont: sell signal, but the double bottom rebound demands caution

Newmont Corporation receives a fresh sell signal, ranking 63rd among the 96 sell signals for US stocks. The weekly drop was sharp — but that very amplitude should be read as possible exhaustion, not as confirmation of the decline. On the daily chart, a double bottom in the 102 area is unfolding with a 12% rebound underway, and the confirmation week has not yet closed. The quality band flags trading as not recommended.