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Nucor Weighing On 50-day MA

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June 22, 2009 | Comment(s): 0
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NUE

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.

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