Nucor Corporation (NUE) Offering Possible 16.28% Return Over the Next 17 Calendar Days

Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 16.28% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $54.00 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 72.56 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Why Is Nucor (NUE) Up 18.9% Since Last Earnings Report?
Sat, 27 Feb 2021 16:30:04 +0000
Nucor (NUE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Why Cleveland-Cliffs Stock Dropped 15% Today
Thu, 25 Feb 2021 22:58:00 +0000
After shares more than doubled in the last six months, investors didn't think fourth-quarter earnings were enough.

Nucor Announces Plans to Build TrueCore Facility in Utah
Wed, 24 Feb 2021 14:00:00 +0000
Nucor Corporation (NYSE: NUE) announced plans today to build a third TrueCore manufacturing facility to be located in Brigham City, Utah. The 120,000 square foot facility will manufacture insulated wall and roof panels using state-of-the-art continuous line equipment. The new facility is expected to be operational in 2022 and will employ 50 teammates.

Nucor Announces 192nd Consecutive Cash Dividend
Tue, 23 Feb 2021 14:00:00 +0000
The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.405 per share on Nucor's common stock. This cash dividend is payable on May 11, 2021 to stockholders of record on March 31, 2021 and is Nucor's 192nd consecutive quarterly cash dividend.

Caterpillar Is Ready for Further Gains After a Shallow Correction
Tue, 23 Feb 2021 13:36:00 +0000
It's not too late to make a bet on stocks that benefit from the reopening of our economy, Jim Cramer told his Mad Money viewers Monday evening. The reopening train is leaving the station with or without you, Cramer added, which makes now the perfect time to buy. In the manufacturing space, Cramer recommended Caterpillar and said it may finally be time for Nucor to shine.

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