Nucor Corporation's most recent trend suggests a bullish bias. One trading opportunity on Nucor Corporation is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 8.23% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $44.00 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 54.23 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
U.S. Steel looking at building another electric arc furnace
Tue, 25 Mar 2014 15:43:40 GMT
This State’s Business Boom is Fueled by a Controversial Source
Sun, 23 Mar 2014 17:15:58 GMT
China Is a Growing Wild Card With Global Implications
Sun, 23 Mar 2014 17:01:58 GMT
Nucor Provides Q1 Outlook
Wed, 19 Mar 2014 14:30:05 GMT
Nucor Corporation’s Guidance Highlights the Major Concern for Steel Companies
Wed, 19 Mar 2014 13:39:57 GMT
Also on Market Tamer…
Follow Us on Facebook