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Watch for Shares of Nucor Corp (NUE) to Approach Resistance at $66.43

By Shiri Gupta

Shares of Nucor Corp (NYSE:NUE) have bullishly opened above the pivot of $64.33 today and have reached the first resistance level of $65.71. Analysts will be watching for a cross of the next upside pivot targets of $66.43 and $68.53.

There is potential upside of 13.0% for shares of Nucor Corp based on a current price of $65.29 and an average consensus analyst price target of $73.77. Nucor Corp shares have support at the 50-day moving average (MA) of $46.71 and additional support at the 200-day MA of $42.34.

Nucor Corp share prices have moved between a 52-week high of $70.48 and a 52-week low of $44.81 and are now trading 46% above that low price at $65.29 per share. Over the past week, 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 Corp and will alert subscribers who have NUE in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts nucor corp

Ticker(s): NUE