Reduce: NUE

Reduce: Nucor Corporation

Just one signal today. This time it is a sell signal for Nucor Corporation (NUE). We reduced our position at an average price per share of USD 44.56. We bought these shares at an average price of USD 39.63 on 11 June 2020 (see our post). This result is a gain of 12.44%. A nice short-term trade for a stock that we've held since 2019.

This is an example of our trading algorithms being able to suggest this kind of short-term trades if the right opportunity arises. In fact, at the they create a buy signal it's not known yet, when a sell signal for the stock will be created. It might as well create yet another buy signal. Also, instead of creating a signal within 5 days, it might be weeks or months until the next signal.

While not all trades suggested by our algorithms result in positive returns, this is a nice example of a successful trade. Overall, our trading algorithms get it right more often than wrong. And that adds some yield above and beyond what the portfolio would return if we were to balance only once per month, quarter or year.