Nucor Corp. Breaks Above 200-Day Moving Average – Bullish for NUE

In trading on Friday, shares of Nucor Corp. (Symbol: NUE) crossed above their 200 day moving average of $127.37, changing hands as high as $133.76 per share. Nucor Corp. shares are currently trading up about 4.2% on the day. The chart below shows the one year performance of NUE shares, versus its 200 day moving average:

Looking at the chart above, NUE’s low point in its 52 week range is $88.50 per share, with $187.90 as the 52 week high point — that compares with a last trade of $129.90. The NUE DMA information above was sourced from TechnicalAnalysisChannel.com

Click here to find out which 9 other metals stocks recently crossed above their 200 day moving average »

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