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NUE trade ideas

Take the Under: $NUENYSE:NUE is scheduled to announce earnings in the after market today 22 July 2024. Nucor pre-releases their estimated earnings per share which for the second quarter they are expected to report $2.30 in comparison to $5.81 per share last year. With the company's guidance the 2024 expected EPS is $10.42. For 2025 analyst expect an EPS of 12.01. That translates to a EPS of about 15%. 10.42*15 = $156.3 A price of $156.3 doesn't translate to much downside with only a 3%. However that is based on analyst estimates which have underperformed for the last two quarters. If you average the P/E ratio of Nucor over the last 7 years the P/E equals about 11. If we apply that to the 2024 estimated earnings it would be: 10.42*11 = $114 I would use these two P/E estimates of $156.3 and $114 as upper and lower bounds for Nucor. Targets for trade are: #1: $140 #2: $130 Stop Loss: #1: $170 Entry Point: >= $160
NYSE:NUEShort
by johnwicksaidso93z7xy
NUE Entry, Volume, Target, StopEntry: with price at or slightly above 174.74 Volume: with volume greater than 1.47M Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 174.74 & target of 208.02, a stop at 163.65 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:NUELong
by tradepatiently
Short Term Wheel Trade on NUEAnother successful Wheel Trade on NUE: Tradingplan á la Rockwell Trading: Look for stock that is lower than yesterday Check the chart for a support level Check the fundamentals of the underlying Check correlation to your portfolio Don't be scared if you get the stock assigned Calculate the strike for a decent annualized ROI Trade ENTRY: Entry: 2023-05-24 09:52 Total premium netto: $ 118,64 Contracts: 3 Type: Short Put Strike: 129 Expiry: 2023-05-26 Trade EXIT: 2023-05-26 16:20 Expired worthless ann. ROI: 118,64 / ( 129 * 300 ) * 365 / 2 = 55,94%
NYSE:NUELong
by ThMar64
Nucor in decline or consolidationThis one is a bit messy with all the trendlines and auto fib retracement tool, so bear with me. NYSE:NUE still looks like it's in an overall decline. The three blue arcs appear to be a head and shoulders pattern. Meanwhile, in the short term there was a wedge pattern that developed in late April and instead of the daily support holding in broke on 4.25 and hasn't recovered since. The momentum of the declination appears to be slowing, so we could see an extended consolidation phase instead of greater declines.
NYSE:NUE
by Active_Trader2021
Nucor Could Be Inching Toward a BreakoutMetal stocks have fought higher all quarter, and now a key steelmaker may be attempting a breakout: Nucor. The first pattern on today’s chart is the series of higher lows since late last month. NUE was stuck below $137 (the close of on October 26) for several weeks, which produced an ascending triangle. But prices broke out on November 10. Second is the summer peak around $146. The stock is approaching that level. A close above it could draw some buyers from the sidelines. Third, the recent consolidation took place above the 200-day simple moving average (SMA). That may suggest its longer-term trend is bullish. Speaking of longer-term trends, notice the higher lows in July and September versus January. Finally, MACD has been positive almost all quarter. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NUE
by TradeStation
Ugly Top (s)Multiple tops with a recent Triple Top. Price is still above the Neckline which is strong support until broken. The neckline is usually drawn where the shoulders touch down before price goes up once again so the neckline has served as support on multiple occasions for NUE. Pattern valid with a break of the neckline and a confirmed downtrend. Some wait for the retest of the neckline as it is often retested after being broken. No recommendation. Short interest is around 3.25%. Short with a break of the neckline and a confirmed downtrend. No recommendation.
NYSE:NUE
by lauralea