Newmont Mining Hitting Fresh Highs (NEM, FCX, SCCO, RIO)

Shares of Newmont Mining Corp NEM are pushing to new intraday highs at the same time shares of its mining counterparts are selling off. Rio Tinto RIO, Freeport McMoRan FCX, and Southern Copper have come off of their highs, as a slight selloff in all three names began around 10:30a.m Est. Newmont hasn't followed suit as the stock is showing serious signs of strength; putting in an intraday high of $54.98 within the past ten minutes. It is currently up 1.46% at 54.92; breaking through its 50-day moving average.