Nucor Corporation (NUE) Offering Possible 8.23% Return Over the Next 25 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 $49.00 short put and a strike $44.00 long put offers a potential 8.23% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 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 dropped below the $44.00 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 54.23 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

U.S. Steel looking at building another electric arc furnace
Tue, 25 Mar 2014 15:43:40 GMT

This State’s Business Boom is Fueled by a Controversial Source
Sun, 23 Mar 2014 17:15:58 GMT

China Is a Growing Wild Card With Global Implications
Sun, 23 Mar 2014 17:01:58 GMT

Nucor Provides Q1 Outlook
Wed, 19 Mar 2014 14:30:05 GMT

Nucor Corporation’s Guidance Highlights the Major Concern for Steel Companies
Wed, 19 Mar 2014 13:39:57 GMT

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