Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $78.00 short put and a strike $73.00 long put offers a potential 13.64% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $78.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $73.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Nucor Corporation is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Nucor Corporation is bullish.
The RSI indicator is at 74.83 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nucor Corporation
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Wed, 07 Apr 2021 10:53:10 +0000
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Nucor (NUE) Gains But Lags Market: What You Should Know
Tue, 06 Apr 2021 21:50:09 +0000
Nucor (NUE) closed at $80.51 in the latest trading session, marking a +0.79% move from the prior day.
Has Nucor (NUE) Outpaced Other Basic Materials Stocks This Year?
Tue, 06 Apr 2021 15:30:03 +0000
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Tue, 06 Apr 2021 11:00:11 +0000
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A Look At The Intrinsic Value Of Nucor Corporation (NYSE:NUE)
Mon, 05 Apr 2021 14:09:13 +0000
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Nucor Corporation…
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