New possible Short - NUE

NUE has been in down trend as well as in kind of channel of 40 to 37 for last few weeks. I think its a good short if you can get around 38 or higher. 38.35 is 50 day MA and i think it will have tough time go above it.

If you see volume pattern , then in last few weeks you have high selling and low buying.

RSI(14) is also weak.