Just yesterday I was writing about Nucor Stock (NUE) for investors who follow the trades being done in the stock.
Nucor Stock has been in my portfolio for over a decade.
Nucor Stock Drop – Nov 10 2017
The drop today in Nucor Stock is a continuation of a cycle that started shortly after earnings were released on Oct 19 2017.
After the earnings pop, the stock pushed to $60 but each time, buyers fled and sellers kept pounding the stock. You can clearly see that $60 has been the cap since earnings were released.
Without fresh capital the stock has been sold relentless although today’s flood of sell orders may seem a capitulation moment. Momentum is decidedly negative and is at high levels for the year.
This is not the first drop in Nucor Stock this year. The stock has had a rather volatile year and that has made significant profits for my portfolio.
Today I am back with a list of trades, some of which are filled and many that are still nearly filled.
The rest of this Nucor Stock trade alert and ideas article is for FullyInformed Members.
Nucor Stock (NUE) Drop – Trade Alerts for Nov 10 2017
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Read the full disclaimer.