Nucor Corporation (NUE) Offering Possible 19.05% Return Over the Next 30 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 $50.50 short put and a strike $45.50 long put offers a potential 19.05% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $45.50 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 45.46 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

[$$] Nucor Announces 66% Profit Rise on Energy Boom
Fri, 24 Oct 2014 04:47:37 GMT
The Wall Street Journal – Nucor Corp. posted a 66% increase in profits because of rising demand for steel used in the energy and nonresidential construction sectors.

Nucor's (NUE) Q3 Earnings Beat Estimates, Profits Surge
Thu, 23 Oct 2014 17:05:02 GMT

NUCOR CORP Files SEC form 8-K, Results of Operations and Financial Condition
Thu, 23 Oct 2014 15:12:13 GMT

How Will Nucor (NUE) Stock React Today to Its Third Quarter Earnings Results?
Thu, 23 Oct 2014 15:03:00 GMT

Nucor Reports Results For Third Quarter And Nine Months Of 2014
Thu, 23 Oct 2014 13:53:47 GMT
noodls – CHARLOTTE, N.C., Oct. 23, 2014 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today consolidated net earnings of $245.4 million, or $0.76 per diluted share, for the third quarter of 2014. By comparison, …

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