When the Price of (NUE) Talks, People Listen

February 24, 2025, 14:28 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NUE

• Buy NUE near 123.48 target 139.2 stop loss @ 123.12 Details

The technical summary data tells us to buy NUE near 123.48 with an upside target of 139.2. This data also tells us to set a stop loss @ 123.12 to protect against excessive loss in case the stock begins to move against the trade. 123.48 is the first level of support below 136.79 , and by rule, any test of support is a buy signal. In this case, support 123.48 is being tested, a buy signal would exist.

• Short NUE slightly under 139.2, target 123.48, stop loss @ 139.6 Details

The technical summary data is suggesting a short of NUE as it gets near 139.2 with a downside target of 123.48. We should have a stop loss in place at 139.6though. 139.2 is the first level of resistance above 136.79, and by rule, any test of resistance is a short signal. In this case, if resistance 139.2 is being tested, a short signal would exist.

Swing Trading Plans for NUE

• Buy NUE slightly over 137.53, target 139.2, Stop Loss @ 137.13 Details

If 137.53 begins to break higher, the technical summary data tells us to buy NUE just slightly over 137.53, with an upside target of 139.2. The data also tells us to set a stop loss @ 137.13 in case the stock turns against the trade. 137.53 is the first level of resistance above 136.79, and by rule, any break above resistance is a buy signal. In this case, 137.53, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NUE slightly near 137.53, target 123.48, Stop Loss @ 137.93. Details

The technical summary data is suggesting a short of NUE if it tests 137.53 with a downside target of 123.48. We should have a stop loss in place at 137.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 137.53, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NUE

• Buy NUE slightly over 137.53, target 139.2, Stop Loss @ 137.21 Details

If 137.53 begins to break higher, the technical summary data tells us to buy NUE just slightly over 137.53, with an upside target of 139.2. The data also tells us to set a stop loss @ 137.21 in case the stock turns against the trade. 137.53 is the first level of resistance above 136.79, and by rule, any break above resistance is a buy signal. In this case, 137.53, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NUE slightly near 137.53, target 136.76, Stop Loss @ 137.85. Details

The technical summary data is suggesting a short of NUE if it tests 137.53 with a downside target of 136.76. We should have a stop loss in place at 137.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 137.53, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Nucor Corporation (NUE) available here: NUE.

NUE Ratings for February 24:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	108.5
P2	136.76	137.53	123.48
P3	141.2	142.99	139.2

AI Generated Signals for NUE

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Nucor Corporation (NYSE: NUE) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NUE can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.