When Nucor ($NUE) Moves Investors should Listen
October 03, 2023, 12:30 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NUE
- Buy NUE slightly over 149.79 target 164.76 stop loss @ 149.36 Details
The technical summary data tells us to buy NUE near 149.79 with an upside target of 164.76. This data also tells us to set a stop loss @ 149.36 to protect against excessive loss in case the stock begins to move against the trade. 149.79 is the first level of support below 155.53 , and by rule, any test of support is a buy signal. In this case, support 149.79 would be being tested, so a buy signal would exist.
- Short NUE slightly under 164.76, target 149.79, stop loss @ 165.24 Details
The technical summary data is suggesting a short of NUE as it gets near 164.76 with a downside target of 149.79. We should have a stop loss in place at 165.24though. 164.76 is the first level of resistance above 155.53, and by rule, any test of resistance is a short signal. In this case, if resistance 164.76 is being tested, so a short signal would exist.
Swing Trading Plans for NUE
- Buy NUE slightly over 157.44, target 164.76, Stop Loss @ 156.99 Details
If 157.44 begins to break higher, the technical summary data tells us to buy NUE just slightly over 157.44, with an upside target of 164.76. The data also tells us to set a stop loss @ 156.99 in case the stock turns against the trade. 157.44 is the first level of resistance above 155.53, and by rule, any break above resistance is a buy signal. In this case, 157.44, 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 157.44, target 152.25, Stop Loss @ 157.89. Details
The technical summary data is suggesting a short of NUE if it tests 157.44 with a downside target of 152.25. We should have a stop loss in place at 157.89 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, 157.44, 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 157.44, target 158.55, Stop Loss @ 157.07 Details
If 157.44 begins to break higher, the technical summary data tells us to buy NUE just slightly over 157.44, with an upside target of 158.55. The data also tells us to set a stop loss @ 157.07 in case the stock turns against the trade. 157.44 is the first level of resistance above 155.53, and by rule, any break above resistance is a buy signal. In this case, 157.44, 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 157.44, target 154.74, Stop Loss @ 157.81. Details
The technical summary data is suggesting a short of NUE if it tests 157.44 with a downside target of 154.74. We should have a stop loss in place at 157.81 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, 157.44, 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 (NUE) available here: NUE.
NUE Ratings for October 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
149.79 |
| P2 |
154.74 |
152.25 |
164.76 |
| P3 |
158.55 |
157.44 |
180.83 |
AI Generated Signals for NUE
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Nucor (NYSE: NUE) report below is a real world example. Included are trading plans for NUE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NUE:
pool ads
