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Nucor Corp Crosses Below its 10-day MA (NUE)

By Amy Schwartz

Today, shares of Nucor Corp (NYSE:NUE) have crossed bearishly below their 10-day moving average of $52.61 on a volume of 355K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nucor Corp has traded in a range of $46.10 to $66.03 and is now at $52.37, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Nucor Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nucor Corp in search of a potential trend change.

Keywords: moving crosses nucor corp

Ticker(s): NUE