Cliffs Natural Resources: Testing the 20 day (NYSE:CLF)

by Josh Cliffs Natural Resources ($CLF) was last at $21.88 on a volume of 4,197,200 shares. Shares are testing the 20 day moving average, currently at $21.36. Shares opened at $21.39, fell to $21 and then traded higher throughout the morning session.

Shares traded up to the 200 day moving average last week before taking a rest on comparatively lighter volume. The 200 day is currently at $25.09, 14.7% above the current share price.

Bullish traders will look for a break above the 200 day moving average to confirm a new trend for CLF shares.

52 Week Range $15.41-$46.83 Market Cap 3,351,917,283 Average Volume 9,260,078 Dividend Yield 2.76% Institutional Ownership 80.80% Insider Ownership: 0.90% Percentage of Float Short 38.30% Beta 2.48

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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