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SR618

Slow and Steady Steel - NUE - another bounce off the 50ma

Long
Nucor Corporation (NYSE:NUE)  
SR618  
NYSE:NUE   Nucor Corporation
Trend Analysis Chart Patterns
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trendanalysis chartpattern
NUE is not a sexy, high short interest stock like X or CLF, but it is steady and actually financially stable. With Biden and the House and Senate all united there is a great chance finally getting some infrastructure improvements. Furthermore NUE actually pays a dividend.

Technically:
-clear channel
-bounces off the 50ma
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