Nucor Corporation (NUE) Offering Possible 18.2% Return Over the Next 26 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 $51.50 short put and a strike $46.50 long put offers a potential 18.2% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $51.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $46.50 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 58.11 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

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

Must-know: Nucor reports solid 3Q results
Mon, 27 Oct 2014 21:08:30 GMT

NUCOR CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Mon, 27 Oct 2014 14:11:00 GMT

Nucor (NUE) Earnings Report: Q3 2014 Conference Call Transcript
Fri, 24 Oct 2014 18:58:00 GMT

[$$] Nucor Announces 66% Profit Rise on Energy Boom
Fri, 24 Oct 2014 04:47:37 GMT
The Wall Street Journal – Nucor Corp. posted a 66% increase in profits because of rising demand for steel used in the energy and nonresidential construction sectors.

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