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Buyers Accumulate Shares of Cliffs Natural Resources, Up 4.2%

Published on Fri, 08/09/2013 - 10:36
By Adrienne Chilton

Cliffs Natural Resources (NYSE:CLF) is a company whose shares are active, trading 4.2% higher to $22.93. The S&P is currently trading 0.3% lower to 1,692 and the Dow Jones Industrial Average is trading 0.5% lower to 15,426.

Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

Based on a current price of $22.93, Cliffs Natural Resources is currently 15.3% above its average consensus analyst price target of $19.43. The stock should find resistance at its 200-day moving average (MA) of $26.10, as well as support at its 50-day MA of $18.01.

In the past 52 weeks, Cliffs Natural Resources share prices have been bracketed by a low of $15.41 and a high of $46.83 and are now at $22.93, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has advanced 0.4%.

By Adrienne Chilton
achilton@fnno.com