NUCOR CORP
(NUE-NYSE):
Technical Viewpoint: From a low
of $72.54 on Jul 9, 2004 prices
rallied, reaching a
high of $80.16
on Jul 14, 2004. A
decline saw prices pull back, reaching a
low of
$75.40 on Jul 22, 2004.
Another rally saw prices penetrate
resistance, closing 7/28/04
at $82.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 25, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $77.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 28, 2004. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! NUCOR CORP
(NUE-NYSE) @ $83.25 Stop: Use a protective stop of $80.50.
NUCOR CORP is currently trading @ $82.90 plus $2.59 on Jul 28, 2004. Price Objective:
$93.00. Risk/Reward: $2.75 VS. $9.75. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$93.00
Risk/Reward:
$2.75 VS. $9.75
Risk/Reward Ratio:
3:1
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