Nucor Corporation Offering Possible 9.17% Return Over the Next 29 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 9.17% return on risk over the next 29 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 $0.42 would be kept by the premium seller. The risk of $4.58 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 68.38 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Is The Steel Industry Beginning to Shine?
Fri, 18 Oct 2013 21:02:41 GMT
Motley Fool – Nucor Steel's third quarter was a sequential improvement, but the fourth quarter won't likely be as good and will cap a generally weak year for this industry leader.

Nucor Continues To Create Value For Its Investors
Fri, 18 Oct 2013 13:07:46 GMT
Seeking Alpha – Nucor Corporation ( NUE ), the largest U.S. steel producer by market value, is up by more than 12% since we last wrote on this steel maker in July. Although NUE trades on high multiples, there are a number …

Nucor Management Discusses Q3 2013 Results – Earnings Call Transcript
Thu, 17 Oct 2013 22:50:06 GMT
Seeking Alpha – James D. Frias Thanks, John, and good afternoon. Nucor's third quarter 2013 earnings of $0.46 per diluted share increased from the second quarter of 2013 earnings of $0.27 per diluted share. Results for …

Nucor Beats Estimates in Q3
Thu, 17 Oct 2013 17:45:04 GMT
Zacks – Nucor's revenues and earnings for third-quarter 2013 beat Zacks Consensus Estimates.

Nucor's 3Q profit up nearly 34 percent
Thu, 17 Oct 2013 16:54:28 GMT

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