A look at Cliffs Natural Resources (CLF)

by DAN Cliffs Natural Resources ($CLF) averages are at $26.65 (21 day SMA), $24.13 (50 day SMA), $21.19 (200 day SMA). Over the past 52 weeks CLF has traded from a low of $15.41 to a high of $40.40. CLF was last at $25.00 on a volume of 5,904,180. Average daily volume has been at 7,526,187.

52 Week Range $15.41-$40.40 Market Cap 3,832,696,248 Average Volume 7,526,187 Dividend Yield 2.45% Institutional Ownership 82.60% Insider Ownership: 0.90% Percentage of Float Short 29.20% Beta 2.28

Cliff Natural Resources (CLF) has been trading in a series of higher lows and highs since hitting a low in early July. Since then, the stock nearly doubled in price before peaking in early November and pulling back on profit-taking. Now, the stock is back to test the 50-day moving average, currently at $24.30. Further, the stochastics oscillator shows a deeply oversold level. Technical traders might consider buying at this level, as the stock is up nearly 3% today after a decisive test of the 50-day moving average.

Stops can be placed around $24, thus capping your potential loss to an acceptable leve.

Cliffs Natural Resources Inc. is a mining & natural resources company. It produces iron ore pellets, fines and lump ore, and metallurgical coal.

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