NUE - Still a strong play?

Discussion in 'Stocks' started by Comptalk, May 24, 2007.

  1. I was thinking on getting in on some NUE. Any opinions?
  2. I like NUE still. I'm long with an OTM covered call.
    If I'm drawing the chart right, it's close to hitting support on it's line of higher lows. On the other hand, NUE has fallen below its 50 day moving avg that it has previously used as support.
    I still like it though.