NUE Crosses Below Key Moving Average Level

In trading on Monday, shares of Nucor Corp. (NUE) crossed below their 200 day moving average of $48.08, changing hands as low as $48.03 per share. Nucor Corp. shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of NUE shares, versus its 200 day moving average:

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Nucor Corp. 200 Day Moving Average Chart

Looking at the chart above, NUE's low point in its 52 week range is $41.32 per share, with $54.73 as the 52 week high point — that compares with a last trade of $48.55.

According to the ETF Finder at ETF Channel, NUE makes up 4.82% of the Steel ETF ( SLX) which is trading relatively unchanged on the day Monday.

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