|Day Low/High||2.67 / 2.84|
|52 Wk Low/High||2.05 / 5.87|
Nucor faces a challenge in developing the necessary production capacity to make high quality automobile sheet metal, according to an industry analyst.
With uncertainty in the front view mirror, odds are Nucor shares will continue to move within a trading range until we have some clarity on tariffs.
The reason I own Nucor stock is for exposure to events such as this.
The problem for the marketplace right now is the uncertainty of it all.
These names are showing either bullish or bearish reversal patterns.
The collapse of the Sino-American session on tariffs and access translates into market action for investors, and inaction on improved trade.
Steel Dynamics is worth watching as it reports earnings.
Steel stocks are rallying following an after-hours tweet from President Donald Trump on Friday night.
Here are five things you must know for Tuesday, April 2.
Much of basic materials sector suffers horrid price action.
Can sellers build on Thursday's bearish price momentum?
Besides financials, steel sector also got dented.
Momentum is starting to improve again, so this may be a good spot to approach the long side.
I am reluctant to call this a breakout, and am willing to sit back and wait.