Trading Options with an Edge
Select Page

Nucor (NUE) Set to Break Out of Range

Nucor (NUE) Set to Break Out of Range

by | Jan 5, 2022 | Chart SetUps

Nucor (NUE) shares consolidating in a narrow multi-week range and breaking out above January value this week with room above $118.50. Shares broke out of a downtrend in October and setting up for a big move back above the 2021 highs with upside targets of $130 and then $155. Shares hitting the ‘ready to run’ scan today with RSI and MACD both setting up for a positive inflection higher.