Nucor Corporation (NUE) Offering Possible 52.91% Return Over the Next 27 Calendar Days

Nucor Corporation's most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $63.00 short call and a strike $68.00 long call offers a potential 52.91% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $63.00 by expiration. The full premium credit of $1.73 would be kept by the premium seller. The risk of $3.27 would be incurred if the stock rose above the $68.00 long call 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 down which suggests that the medium-term momentum for Nucor Corporation is bearish.

The RSI indicator is at 37.68 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Are Global Macros Supportive of US Steel Stocks?
Thu, 23 Aug 2018 18:15:02 +0000
Although US steel producers U.S. Steel Corporation (X), AK Steel (AKS), and Steel Dynamics (STLD) have trade protections in the form of the Section 232 tariffs, the global steel pricing environment still affects US steel prices.

US Steel Prices Pare Gains: Is There More Pain Ahead?
Thu, 23 Aug 2018 16:45:02 +0000
We saw a sharp rally in US steel prices in the first quarter. The rally was mainly fueled by the Section 232 tariffs, under which US steel imports attract a 25% tariff with few exemptions.

US Steel Stocks Bounce Back from Their Lows: What’s Next?
Thu, 23 Aug 2018 15:11:57 +0000
We’ve seen some upward price action in US steel stocks this week. Based on their August 22 closing prices, U.S. Steel Corporation (X) and AK Steel (AKS) have risen 3.8% and 2.3%, respectively, this week.

What Makes Nucor Corporation (NYSE:NUE) An Attractive Investment?
Thu, 23 Aug 2018 14:02:05 +0000
Attractive stocks have exceptional fundamentals. In the case of Nucor Corporation (NYSE:NUE), there’s is a company with great financial health as well as a a great track record of performance.Read More…

Is President Trump a Little Late in Trying to Contain China?
Tue, 21 Aug 2018 13:35:02 +0000
President Trump literally fired in all directions when he announced the Section 232 tariffs on steel and aluminum imports. However, now it seems that the administration is focused on China, which has been vigorously opposing Trump’s tariffs and announcing tit-for-tat measures.

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