Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $103.00 short put and a strike $98.00 long put offers a potential 72.41% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $2.10 would be kept by the premium seller. The risk of $2.90 would be incurred if the stock dropped below the $98.00 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 75.06 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
Scotts Miracle-Gro (SMG) Beats Q3 Earnings and Sales Estimates
Fri, 06 Aug 2021 14:07:02 +0000
Scotts Miracle-Gro's (SMG) Q3 results benefit from record sales in the Hawthorne segment with growth in all categories.
Quaker Chemical (KWR) Tops Earnings & Sales Estimates in Q2
Fri, 06 Aug 2021 09:24:09 +0000
Quaker Chemical (KWR) benefits from improved end market conditions and market share gains in the second quarter.
B2Gold's (BTG) Earnings Miss Estimates in Q2, Decline Y/Y
Thu, 05 Aug 2021 12:47:12 +0000
B2Gold's (BTG) top line declines in Q2 on lower gold ounces sold, partly offset by increase in the average realized gold price.
Albemarle (ALB) Earnings Surpass Estimates in Q2, Sales Lag
Thu, 05 Aug 2021 10:34:10 +0000
Albemarle (ALB) benefits from higher sales from its Lithium and Bromine business segments in the second quarter.
Allegheny (ATI) Q2 Earnings and Revenues Surpass Estimates
Wed, 04 Aug 2021 14:56:02 +0000
Allegheny's (ATI) Q2 results benefit from increased volumes and cost-reduction measures.
Related Posts
Also on Market Tamer…
Follow Us on Facebook