Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $53.50 short put and a strike $48.50 long put offers a potential 15.74% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $48.50 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Nucor Corporation
[$$] Nucor in Talks With Cliffs Over Stake in Canadian Iron Ore Mine
Sat, 01 Nov 2014 02:48:31 GMT
Why Gallatin Steel could drive the future earnings of Nucor
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
Zacks Industry Outlook Highlights: AK Steel Holding, Steel Dynamics, Nucor, ArcelorMittal and Gerdau
Tue, 28 Oct 2014 13:33:36 GMT
Nucor reports a 15% increase in net sales
Tue, 28 Oct 2014 13:00:29 GMT
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