Nucor Corporation (NUE) Offering Possible 14.42% Return Over the Next 20 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 $58.50 short call and a strike $63.50 long call offers a potential 14.42% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.50 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $63.50 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 27.58 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nucor Corporation

Why Trump's tariffs aren't working for steelmakers
Thu, 25 Oct 2018 23:02:00 +0000
Jim Cramer points to three reasons for Nucor's muted performance as the Trump administration's tariffs on steel imports kick in.

Cramer breaks down why Trump's tariffs aren't working for…
Thu, 25 Oct 2018 22:55:00 +0000
Jim Cramer points to three reasons for Nucor's muted performance as the Trump administration's tariffs on steel imports kick in.

Cramer breaks down why Trump's tariffs aren't working for steelmakers like Nucor
Thu, 25 Oct 2018 22:35:00 +0000
CNBC's Jim Cramer points to three reasons for Nucor's muted performance as the Trump administration's tariffs on steel imports kick in. “This is simply the wrong time in the business cycle to own a steelmaker,” the “Mad Money” host says. President Donald Trump 25 percent tariffs on steel imports were supposed to be a boon for steelmakers.

U.S. Steel Corporation’s Q3 Estimates versus Its Guidance
Thu, 25 Oct 2018 15:40:02 +0000
In this part, we’ll discuss U.S. Steel Corporation’s (X) third-quarter EBITDA estimates compared to the company’s guidance. Looking at other steel companies, while Steel Dynamics (STLD) posted better-than-expected earnings, Nucor (NUE) and Cleveland-Cliffs’ (CLF) earnings were below the expectations.

U.S. Steel Corporation: Analysts’ Third-Quarter Projections
Thu, 25 Oct 2018 14:10:03 +0000
U.S. Steel Corporation (X) is scheduled to release its third-quarter earnings on November 1. Analysts polled by Thomson Reuters expect U.S. Steel Corporation to post revenues of $3.71 billion in the third quarter. As you can see, U.S. Steel Corporation’s revenues are expected to be largely stagnant on a sequential basis.

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