NUE, daily
Today was especially weak, after earnings were posted in the morning. The numbers were arguably reasonable, but clearly the market is not interested in holding this stock any more at this level.
Next key levels are 38.50 - the 200 day MA, but I'd guess that won't hold either.
Best target would be $35..sometime in May/June.
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As noted, great company...one of better industrials out there, but...in any market pullback/correction, it will suffer greatly. Today's action was arguably the last real warning for any short term holders to 'GET out!'.
