Nucor Corporation (NUE) Offering Possible 35.14% Return Over the Next 21 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 $102.00 short call and a strike $107.00 long call offers a potential 35.14% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $102.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $107.00 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 57.57 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

Is Nucor (NUE) Stock Outpacing Its Basic Materials Peers This Year?
Wed, 26 May 2021 15:30:03 +0000
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Nucor CEO, Leon Topalian, Elected Chairman of AISI
Tue, 25 May 2021 14:29:00 +0000
Nucor Corporation (NYSE: NUE) President and Chief Executive Officer Leon Topalian was elected today to serve a two-year term as chairman of the American Iron and Steel Institute (AISI) Board of Directors.

Here's an Updated Bullish Technical Strategy for Steelmaker Nucor
Tue, 25 May 2021 13:55:00 +0000
Now you can add the $130 area and maybe the $186 area after the $114 target. In this updated daily bar chart of NUE, below, we can see that prices have moved closer to our $114 target after passing the round number of $100. The On-Balance-Volume (OBV) line has risen sharply since early February to confirm the price gains.

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