user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 433426 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Cliffs Natural Resources Bullish Moving Average Crossover Alert (CLF)

Published on Thu, 01/31/2013 - 12:14
By Mallory Stone

Today, shares of Cliffs Natural Resources (NYSE:CLF) have crossed bullishly above their 10-day moving average of $36.58 on a volume of 3.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

There is potential upside of 18.4% for shares of Cliffs Natural Resources based on a current price of $36.85 and an average consensus analyst price target of $43.62. The stock should hit resistance at its 200-day moving average (MA) of $43.11, as well as support at its 50-day MA of $34.32.

Cliffs Natural Resources share prices have moved between a 52-week high of $77.67 and a 52-week low of $28.05 and are now trading 31% above that low price at $36.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has remained constant.

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.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Walter Energy Looks to Continue to Trade...

Shares of Walter Energy (NYSE:WLT) traded today at $3.05, breaking its 52-week low. So ...

Recent 52-Week High Exceeded in Shares o...

Shares of WellPoint (NYSE:WLP) traded today at $121.59, breaking its 52-week high. So ...

Wells Fargo Looks to Continue to Trade A...

Shares of Wells Fargo (NYSE:WFC) traded today at $53.32, breaking its 52-week high. Th ...

Shares of Waste Connections Rise Above P...

Shares of Waste Connections (NYSE:WCN) traded at a new 52-week high today of $50.66. T ...

VirnetX Holding: New 52-Week Low Set Tod...

Shares of VirnetX Holding (AMEX:VHC) traded today at $4.18, breaking its 52-week low. ...

Recent 52-Week High Exceeded in Shares o...

VF Corp (NYSE:VFC) traded today at a new 52-week high of $67.01. Approximately 926,000 ...

Shares of UQM Technologies Fall Below Pr...

UQM Technologies (AMEX:UQM) traded today at a new 52-week low of $1.22. So far today a ...

Recent 52-Week High Exceeded in Shares o...

Shares of Union Pacific (NYSE:UNP) traded today at $110.26, breaking its 52-week high. ...