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Bearish Moving Average Cross by Nucor Corp (NUE)

By Amy Schwartz

Today, shares of Nucor Corp (NYSE:NUE) have crossed bearishly below their 10-day moving average of $62.91 on a volume of 766K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Nucor Corp share prices have moved between a 52-week high of $70.48 and a 52-week low of $51.67 and are now trading 20% above that low price at $61.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Nucor Corp and will alert subscribers who have NUE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nucor corp

Ticker(s): NUE