CLF seems to do better in a rough stock market as it is a counter-cyclical stock. Since the economy has stalled in the second quarter, we may see CLF outperform its robust counterparts in the S&P500 and DJI while the OTC market also corrects.
The Street finally is looking at CLF a little more bullish in technical terms. CLF is one of four stocks under $10 with much room to move higher. Theyre' targeting 7.5 on a near term breakout through 5.66. Technical indicators I'm looking at momentum, 21-day, 50-day MA, and Williams% are all bullish. GLTA.