Nucor Corporation's stock (NUE) rose slightly in the intraday levels, while buoyed by piercing the downward correctional trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 146.10, provided it settles above 126.56.
Expected trend for today: Bullish