Nucor Corporation (NUE) Offering Possible 8.23% Return Over the Next 10 Calendar Days

Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $52.00 short call and a strike $57.00 long call offers a potential 8.23% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $57.00 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Nucor Corporation

Nucor Completes Acquisition Of Gallatin Steel Company
Wed, 08 Oct 2014 16:12:00 GMT
PR Newswire – CHARLOTTE, N.C., Oct. 8, 2014 /PRNewswire/ — Nucor Corporation (NUE) announced today that it has closed on its purchase of all the equity of Gallatin Steel Company for approximately $770 million. “We are pleased to welcome the Gallatin team to the Nucor family. This addition will allow us to better serve our customers by offering them a wider range of products and further enhancing our reliability,” said John Ferriola, Chairman, CEO and President of Nucor Corporation. “The timing of the closing is beneficial as it enables us to capitalize on synergies between the two companies during the current contract negotiation season for raw materials, alloy and consumables and steel sales.”

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Nucor Invites You to Join Its Third Quarter of 2014 Conference Call on the Web
Fri, 03 Oct 2014 20:45:00 GMT
PR Newswire – CHARLOTTE, N.C., Oct. 3, 2014 /PRNewswire/ — In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, …

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