Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $112.00 short put and a strike $107.00 long put offers a potential 72.41% 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 $112.00 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 $107.00 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 64.48 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
3 Unstoppable Stocks to Buy in a Bear Market
Thu, 11 Nov 2021 15:15:00 +0000
Some companies just do things so well that a downturn is the only time you can get them at a good price.
Reasons to Retain Carpenter Technology (CRS) Stock For Now
Thu, 11 Nov 2021 14:55:02 +0000
Carpenter Technology (CRS) is worth retaining in one's portfolio on solid demand across its end-markets, cost-control actions and focus on investments.
Century Aluminum (CENX) Begins Construction of a New Casthouse
Thu, 11 Nov 2021 14:44:02 +0000
Century Aluminum's (CENX) new expansion project will enhance Grundartangi's annual capacity to manufacture primary foundry alloys.
Galiano (GAU) Q3 Earnings Top Estimates, Revenues Down Y/Y
Thu, 11 Nov 2021 14:41:02 +0000
Galiano's (GAU) Q3 top line declines due to lower gold sales volume and a fall in the average realized gold price.
Kinross' (KGC) Earnings Beat, Revenues Lag Estimates in Q3
Thu, 11 Nov 2021 14:30:02 +0000
Kinross' (KGC) Q3 results are impacted by lower gold production and higher costs.
Related Posts
Also on Market Tamer…
Follow Us on Facebook