Nucor Corporation Offering Possible 8.93% Return Over the Next 24 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 $50.00 short call and a strike $55.00 long call offers a potential 8.93% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $55.00 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

Why Nucor Corporation Is the Only American Steelmaker to Own in 2014
Wed, 29 Jan 2014 21:58:34 GMT
Motley Fool – Nucor just released another stellar earnings report, and in a terrible market for steel and iron. How will this best-in-class steelmaker benefit from the upturn in U.S. manufacturing, and its hedge against …

Nucor Proves Its Mettle in a Steely Market
Wed, 29 Jan 2014 20:34:19 GMT
Motley Fool – Seven key takeaways from the well-run steelmaker's latest earnings.

Nucor Management Discusses Q4 2013 Results – Earnings Call Transcript
Wed, 29 Jan 2014 00:10:09 GMT
Seeking Alpha – James D. Frias Thanks, John, and good afternoon. Fourth quarter 2013 earnings of $0.53 per diluted share included favorable out-of-period tax adjustments totaling $0.07 per diluted share. A lower-than-expected …

Nucor Beats on Earnings, Revs in Q4
Tue, 28 Jan 2014 17:27:12 GMT
Zacks – Steel giant Nucor Corporation's adjusted (excluding special items) earnings of 46 cents per share for the fourth quarter of 2013 surpassed the Zacks Consensus Estimate of 40 cents.

NUCOR CORP Files SEC form 8-K, Results of Operations and Financial Condition
Tue, 28 Jan 2014 16:32:29 GMT

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