NUE, daily
Summary
It is interesting that Nucor is now at key support in the 34s - this goes back all the way to the November 2011 lows (when Sp'1160). If 33s are seen, then a move to the 29s would seem a fair guess. Would that imply Sp' has a lot further to go in this down cycle?
A good company...but if the broader macro-economic picture deteriorates in the US, this company is going to suffer greatly.
