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May 07, 2024 (Stock Traders Daily via COMTEX) --

Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Nucor Corporation (NYSE: NUE) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for NUE change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if NUE is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for NUE too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for NUE

• NONE.
• Short NUE slightly under 173.36, target n/a, stop loss @ 173.86

Swing Trading Plans for NUE

• Buy NUE slightly over 172.45, target 173.36, Stop Loss @ 171.95
• Short NUE slightly near 172.45, target 163.35, Stop Loss @ 172.95.

Day Trading Plans for NUE

• Buy NUE slightly over 172.45, target 173.36, Stop Loss @ 172.05
• Short NUE slightly near 172.45, target 170.7, Stop Loss @ 172.85.

NUE Technical Summary | Raw Data for the Trading Plans

Term →	Near	Mid	Long
Bias	Strong	Weak	Strong
P1	0	0	173.36
P2	170.7	163.35	188.14
P3	174.14	172.45	202.96

COMTEX_452034403/2570/2024-05-07T21:22:45