Nucor Corporation (NUE) Offering Possible 17.1% Return Over the Next 23 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 $52.50 short put and a strike $47.50 long put offers a potential 17.1% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $47.50 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 74.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Why Gallatin Steel could drive the future earnings of Nucor
Wed, 29 Oct 2014 17:00:10 GMT

Strong steel markets help Nucor post 65% increase in profits
Tue, 28 Oct 2014 21:00:14 GMT

Zacks Industry Outlook Highlights: AK Steel Holding, Steel Dynamics, Nucor, ArcelorMittal and Gerdau
Tue, 28 Oct 2014 13:33:36 GMT

Nucor reports a 15% increase in net sales
Tue, 28 Oct 2014 13:00:29 GMT

Key takeaways from Nucor’s 3Q14 cost structure
Mon, 27 Oct 2014 21:09:21 GMT

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