Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 11.36% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $57.50 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.
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
Why steel companies are jittery about aluminum
Tue, 14 Oct 2014 21:00:04 GMT
An investor’s guide to global steel market indicators
Fri, 10 Oct 2014 13:37:00 GMT
Nucor (NUE) Closes Gallatin Steel Buy for $770 Million
Thu, 09 Oct 2014 17:55:14 GMT
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.”
Why steel investors are mindful of capacity utilization rates
Mon, 06 Oct 2014 21:00:12 GMT
Also on Market Tamer…
Follow Us on Facebook