Nucor Corporation (NUE) Offering Possible 6.84% Return Over the Next 6 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 $65.50 short put and a strike $60.50 long put offers a potential 6.84% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $60.50 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 53.4 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

Buy Nucor Here and on Strength
Thu, 07 Jun 2018 17:42:00 +0000
Let's review the technical landscape to see where we want to buy NUE. In this daily bar chart of NUE, below, we can see a large consolidation pattern since December. The On-Balance-Volume (OBV) line was neutral from January to the end of April but it looks like it has been firming slowly from early May. The Moving Average Convergence Divergence (MACD) oscillator crossed above the zero line last month for a buy signal.

Nucor Announces 181st Consecutive Cash Dividend
Thu, 07 Jun 2018 13:00:00 +0000
CHARLOTTE, N.C. , June 7, 2018 /PRNewswire/ — The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.38 per share on Nucor's common stock.  This cash …

Could Steel Companies’ Valuation Be In for a Big Change?
Thu, 07 Jun 2018 11:32:11 +0000
Previously, we looked at steel companies’ price-to-sales ratios. We should also look at a companies’ valuation based on their profitability. In this article, we’ll compare steel companies’ EV1-to-EBITDA ratios.

How Steel Stocks’ Price-to-Book Ratios Compare
Wed, 06 Jun 2018 17:40:02 +0000
PB (price-to-book-value) ratios, among the most basic ways to assess companies’ valuation, tell us how a company’s valuation compares with its book value. Notably, growth stocks tend to have higher PB ratios, while mature industries have lower ratios.

Greenbrier Companies And Other Great Defensive Stocks
Mon, 04 Jun 2018 20:05:14 +0000
A portfolio of defensive stocks is aimed at minimising the risk of capital loss through holding carefully selected companies that are unlikely to perform poorly during tough market conditions. ToRead More…

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