Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $121.00 short call and a strike $126.00 long call offers a potential 72.41% 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 $121.00 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 rose above the $126.00 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 69.66 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
Yamana Gold (AUY) Announces Buyback of Additional Shares
Wed, 25 Aug 2021 14:33:02 +0000
Yamana Gold (AUY) remains focused on boosting shareholders' returns through capital returns program.
GrowGeneration (GRWG) on Acquisition Spree, Adds California Store
Wed, 25 Aug 2021 14:27:02 +0000
GrowGeneration (GRWG) announces acquisition in California, the world's largest marijuana market, which takes its store count to 60.
Nucor's (NYSE:NUE) 496% YoY earnings expansion surpassed the shareholder returns over the past year
Wed, 25 Aug 2021 14:13:27 +0000
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right…
Olin's (OLN) Shares Up 50% in 6 Months: What's Driving the Stock?
Wed, 25 Aug 2021 11:26:11 +0000
Solid second-quarter earnings performance and an upbeat outlook have contributed to the run-up in Olin's (OLN) shares.
Steel Stocks Have Had an Incredible Run. Why They’re Still Worth Buying.
Tue, 24 Aug 2021 15:57:00 +0000
Seaport Global launched coverage of the steel sector Monday evening. They see more gains for the sector before the good times end.
Related Posts
Also on Market Tamer…
Follow Us on Facebook