• Return to Headlines

Nucor (NUE) Crosses Pivot Point Resistance at $55.58

By David Diaz

Nucor (NYSE:NUE) has opened bullishly above the pivot of $54.80 today and has reached the first level of resistance at $55.58. Analysts will be watching for a cross of the next upside pivot targets of $56.25 and $57.70.

There is potential upside of 0.0% for shares of Nucor based on a current price of $0.00 and an average consensus analyst price target of $67.31. The stock should find initial resistance at its 200-day moving average (MA) of $42.34 and further resistance at its 50-day MA of $46.71.

Over the past year, Nucorhas traded in a range of $0.00 to $68.00 and are now at $0.00. 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 monitoring the recent change of momentum in Nucor. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nucor in search of a potential trend change.

Keywords: pivot alerts Nucor

Ticker(s): NUE