Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 5.93% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $57.50 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 60.79 level which suggests that the stock is neither overbought nor oversold at this time.
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
[$$] The Anti-Manufacturing Tariff
Mon, 12 Nov 2018 00:36:52 +0000
Mid Continent filed its exclusion application in June at Commerce’s Bureau of Industry and Security, better known as the bureaucracy for steel lobbyists. Traditionally any objection from a domestic producer was enough to defeat an exclusion request. Commerce then accepts a final “sur-rebuttal” from the domestic producer.
This Steel Giant Is Making a $2 Billion Investment in the Future
Sat, 10 Nov 2018 16:15:00 +0000
Nucor has big spending plans; here's what it's doing and why.
US Steel Companies Are Upbeat, Analysts Look the Other Way
Fri, 09 Nov 2018 16:05:02 +0000
Steel companies sounded upbeat about the US steel industry’s outlook during their third-quarter earnings calls. While Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation (X) have announced share buybacks, Cleveland-Cliffs (CLF) has reinstated its dividend. Let’s see what leading steel companies said about the US steel industry’s health.
Why Are US Steel Stocks in a Tight Bear Grip?
Fri, 09 Nov 2018 14:35:02 +0000
As we noted previously, steel stocks like AK Steel (AKS) and ArcelorMittal (MT) are trading with a year-to-date loss. Steel stocks have underperformed broader equity markets (DIA) in 2018 despite President Trump’s Section 232 tariffs. In this part, we’ll discuss the key reasons why bears love steel stocks.
Markets Don’t Like US Steel Stocks despite Trump’s Support
Fri, 09 Nov 2018 13:04:17 +0000
Earlier in 2018, President Trump slapped a 25% tariff on US steel imports and a 10% tariff on aluminum imports. For US steel and iron ore producers like U.S. Steel Corporation (X), AK Steel (AKS), and Cleveland-Cliffs (CLF), the higher level of imports is their greatest challenge. The companies said that the imports are unfairly subsidized by foreign governments.
Also on Market Tamer…
Follow Us on Facebook