Nucor Corporation (NUE) Offering Possible 14.42% Return Over the Next 26 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 $49.50 short call and a strike $54.50 long call offers a potential 14.42% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.50 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 $54.50 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 30.59 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Steel Imports Reach Record Levels In October
Mon, 22 Dec 2014 20:31:04 GMT

Important End Consumers Of Steel
Fri, 19 Dec 2014 16:30:22 GMT

Nucor Warns On Q4 Due To Seasonality, Plant Closure
Tue, 16 Dec 2014 18:15:00 GMT

Updates, advisories and surprises
Tue, 16 Dec 2014 15:01:09 GMT

Nucor Offers Disappointing Outlook
Tue, 16 Dec 2014 14:44:55 GMT

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