Looking at NUE

I ran a scan for Negative Divergences in price and TSV within the S&P, and I came across NUE. (Note: TSV is a technical indicator that measures the money flowing in or out of a stock) Price made the same high in lated December and early January, while TSV made lower highs and lower lows. Price also failed around $48.50, which was prior support going back all the way to 2007. A downward sloping 150 day moving average will also act as resistance.


Nucor (NUE)
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