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Nucor Bullish Moving Average Crossover Alert (NUE)

By Shiri Gupta

Nucor (NYSE:NUE) crossed over its 10-day moving average of $50.58 on a volume of 488K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Nucor have traded between a low of $33.90 and a high of $51.99 and are now at $51.71, which is 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

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

Keywords: moving crosses Nucor

Ticker(s): NUE