Nucor Corporation (NUE) Offering Possible 39.66% Return Over the Next 29 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 $54.50 short put and a strike $49.50 long put offers a potential 39.66% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $54.50 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $3.58 would be incurred if the stock dropped below the $49.50 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 52.96 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Why Nucor Expects Lower 3Q17 Profits despite Higher Steel Prices
Tue, 19 Sep 2017 19:36:16 +0000
Nucor's (NUE) 3Q17 earnings guidance wasn't received well by the markets, and the stock saw selling pressure after it released its 3Q17 earnings guidance.

Nucor’s 3Q17 Guidance: Is It Losing Its Element of Surprise?
Tue, 19 Sep 2017 18:06:25 +0000
Nucor expects its 3Q17 earnings to fall on a yearly basis as well as a sequential basis.

Steel Companies: What Their 3Q17 Guidance and Estimates Tell Us
Tue, 19 Sep 2017 16:13:08 +0000
As for the US steel industry, 2017 has been a tepid year for steel stocks (XME). After the meteoric rise last year, most US steel companies are trading with year-to-date losses this year.

Nucor Is a ‘Pounding the Table' Buy, Jim Cramer Says
Tue, 19 Sep 2017 13:03:00 +0000
The steelmaker is down some 9% so far this year.

Nucor Board Clears Micromill Project & Merchant Bar Expansion
Tue, 19 Sep 2017 12:00:12 +0000
These projects are expected to help Nucor (NUE) retain its position as a low-cost producer and enable it to better serve its customers.

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