Stock Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NUE
The long term trend has been UP since Dec 8th, 2017 at 60.54
The intermediate term trend has been UP since Dec 4th, 2017 at 58.43
The short term trend has been DOWN since Jan 19th, 2018 at 68.27
Smart Scan Analysis for NUE
Based on a pre-defined weighted trend formula for chart analysis, NUE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||70.48||Year High Date||2018-01-12|
|Year Low||64.1||Year Low Date||2018-01-02|
|52wk High||70.48||52wk High Date||2018-01-12|
|52wk Low||51.67||52wk Low Date||2017-09-12|
|Year End Close||43.16||Average Volume||2,698,789|
|Shares Outstanding||317,638||Short Interest||7,662,475|