Nucor Corporation (NUE) Offering Possible 44.93% Return Over the Next 16 Calendar Days

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Nucor Corporation’s most recent trend suggests a bearish bias. One trading opportunity on Nucor Corporation is a Bear Call Spread using a strike $96.00 short call and a strike $101.00 long call offers a potential 44.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $96.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $101.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nucor Corporation is bearish and the probability of a decline 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 20.85 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nucor Corporation

Nucor (NUE) Stock Sinks As Market Gains: What You Should Know
Mon, 28 Jun 2021 21:45:09 +0000
In the latest trading session, Nucor (NUE) closed at $95.11, marking a -1.63% move from the previous day.

Is Nucor (NUE) Outperforming Other Basic Materials Stocks This Year?
Mon, 28 Jun 2021 15:30:03 +0000
Is (NUE) Outperforming Other Basic Materials Stocks This Year?

PPG Industries (PPG) Six Flags Ink 5-Year Paint Supply Deal
Mon, 28 Jun 2021 14:14:02 +0000
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5 S&P 500 Stocks Up More Than 50% in 1H With Room to Run
Mon, 28 Jun 2021 12:33:12 +0000
L Brands (LB), Nucor (NUE), Generac Holdings (GNRC), Applied Materials (AMAT) and Invesco (IVZ) have gained more than 50% so far this year and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy).

The Zacks Analyst Blog Highlights: Caterpillar, Nucor, ADTRAN, Emerson Electric and Jacobs Engineering
Mon, 28 Jun 2021 11:12:11 +0000
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