$NUE - RC -
Added 2024-05-11 17:54:24 +0000 UTCRetesting the wedge breakout level here and the 200 Day MA, after breaking out of this wedge in November, a weak earnings report made this drop right back down to the wedge level and the 200 Day MA but has managed to hold at this level so far.
If this can continue to hold, there is no reason why this can not bounce again back up to the First Target at $220.
PE of 10
FWD PE of 13
Makes this attractive but they need to make sure there is not another miss for their next earnings release.
