Nucor Corporation (NUE) Offering Possible 9.17% Return Over the Next 10 Calendar Days

Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $47.50 short call and a strike $52.50 long call offers a potential 9.17% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $52.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nucor Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Nucor Corporation is bearish.

The RSI indicator is at 34.92 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Stocks of steel?
Wed, 07 Jan 2015 18:18:00 GMT

Nucor Invites You to Join Its Fourth Quarter and Year End of 2014 Conference Call on the Web
Tue, 06 Jan 2015 22:20:53 GMT
noodls – CHARLOTTE, N.C., Jan. 6, 2015 /PRNewswire/ — In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, …

Nucor Invites You to Join Its Fourth Quarter and Year End of 2014 Conference Call on the Web
Tue, 06 Jan 2015 22:15:00 GMT
PR Newswire – CHARLOTTE, N.C., Jan. 6, 2015 /PRNewswire/ — In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, …

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Fri, 02 Jan 2015 21:32:01 GMT

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Mon, 22 Dec 2014 20:31:04 GMT

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