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Cliffs Natural Resources Inc. Message Board

  • imaginejml@sbcglobal.net imaginejml Oct 14, 2013 5:48 PM Flag

    Over the last 3 days, the chart for clf is starting to show nice improvements as follows.

    Since September 19, the 10DMA for clf was in a downtrend every day up until October 11. Momentum was also negative during this time period, and the stock price went down all but 3 days. Now, for the past three trading days, the 10DMA is sloping up and momentum turned from deep negative to flat line and may become positive tomorrow.

    Unless all heck breaks loose in washington and roils the markets again, we may see a test of $24 before earnings. After 14 or so down days, it won't take much for the recent highs to come back.

 
CLF
4.55Apr 1 4:03 PMEDT