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Nucor Corp Shares Down 37.9% Since SmarTrend's Sell Call (NUE)

By David Diaz

SmarTrend identified a Downtrend for Nucor Corp (NYSE:NUE) on January 3rd, 2020 at $54.60. In approximately 3 months, Nucor Corp has returned 37.91% as of today's recent price of $33.90.

Nucor Corp share prices have moved between a 52-week high of $61.17 and a 52-week low of $27.53 and are now trading 21% above that low price at $33.35 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 4%.

Nucor Corporation manufactures steel products. The Company's products include carbon and alloy steel, steel joints, steel deck, cold finished steel, steel grinding balls, steel bearing products, and metal building systems. Nucor also brokers ferrous and nonferrous metals, pig iron, HBI, and DRI, supplies ferro-alloys, processes ferrous, and nonferrous scrap.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nucor Corp.

Log in and add Nucor Corp (NUE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights nucor corp

Ticker(s): NUE