Is Cliffs Natural Resources Inc. (CLF) Ready to Breakout? - Tale of the Tape

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Cliffs Natural Resources Inc. (CLF) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. CLF just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of CLF have jumped by 32.3% in the trailing 4 weeks. If that wasn't enough, the company currently possesses a Zacks Rank #2 (Buy) , so it could have more room to run in the weeks ahead too.




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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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