It's Show Time For This Steel Giant, Nucor Corporation (NYSE:NUE

18 0 0
Shares of Nucor             Corporation (NYSE:NUE) have fallen by more than 15% from the September highs. As the global slow down, which we predicted perfectly here on August, 22nd takes a bigger hold of the markets, this is a stock you need to watch.

Nucor             Corporation (NYSE:NUE) shares are trading below a critical line of support. Please note in the chart below, Nucor             Corporation (NYSE:NUE) has found support, then bounced time after time, right from the trend line which the stock breached Wednesday. This trend has been holding up like a brick wall, however, unlike the steel they manufacture, the support level is not as solid. Should shares of Nucor             Corporation (NYSE:NUE) stay below this line, selling might be far from it.

Nucor             Corporation (NYSE:NUE) will have two major levels of support, the first is $46.51, this level can be used for a long trade with the right pattern in place. If this level fails to hold, the next and major level of support will be $43.62, and again with a proper chart set up this level will offer traders/investors with another opportunity for a trade in the long side.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out