Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $52.50 short put and a strike $47.50 long put offers a potential 13.64% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $47.50 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 72.89 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nucor Corporation
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Mon, 03 Nov 2014 15:05:00 GMT
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Sat, 01 Nov 2014 02:48:31 GMT
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Wed, 29 Oct 2014 17:00:10 GMT
Strong steel markets help Nucor post 65% increase in profits
Tue, 28 Oct 2014 21:00:14 GMT
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Tue, 28 Oct 2014 13:33:36 GMT
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