Nucor Weighing On 50-day MA

Nucor Ltd. (NUE - Analyst Report) shed almost 6% at noon to trade near its 50-day moving average of $43.30. Analysts on average expect the company to post a loss of 90 cents per share in fiscal 2009. A month earlier, the consensus forecast was pegged at 80 cents a share. Nucor is a Zacks#4 Rank (“Sell”) stock.