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NearlyNineThirty.com Stock Market and Financial Forums > The Stock Market > Day Trading, Technical Analysis an other strategies. » What to do about Nucor

Day Trading, Technical Analysis an other strategies. Discuss Day trading, Technical Analysis and other trading strategies here.

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Old 05-26-2008, 08:40 PM   #1 (permalink)
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Default What to do about Nucor
Nucor Corporation and its subsidiaries engage in the manufacture and sale of steel and steel products in North America. NUE is a tough*stock to analyze in my opinion.* It is in one of the leading industries in a horrible market, i.e. steel, yet its broken its longer term uptrend.* The company recently announced another common stock offering for $74/share which may have contributed to recent action and high volume trading.* Trading* purely on*technicals, I would say stay away.**Then again this*could be a decent pullback in a leading stock. Nothing is absolute, so I think if NUE goes 5-10% lower, I think I would dip my toe in the water and see what shakes out.** What are your thoughts on NUE?

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Old 05-26-2008, 11:01 PM   #2 (permalink)
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This is the "Day Trading, Technical Analysis an other strategies" forum, that is a daily scare chart.

I guess I mean to ask, how would you work that into a "daytrade"?
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Old 06-11-2008, 06:37 PM   #3 (permalink)
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NUE has been up to around 80 and has recently fell back to around 74. I have been watching them as I wanted to get into steel. I am just not sure if NUE is the better buy, as opposed to U.S. Steel (X).
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Old 08-12-2008, 07:13 PM   #4 (permalink)
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Default Not A Day Trade, But!
Looks like NUE is not exactly a day trade now. But it is testing resistance today and tomorrow. If it breaks lower tomorrow forget this one for a while. But if it goes higher it is time to watch it close, chance to buy is coming on this one.




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