Is Cliffs Natural Resources (CLF) Ready to Breakout?

Zacks Equity Research

Wed, Mar 26, 2014, 9:29 AM

Cliffs Natural Resources Inc (CLF) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CLF broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 3.3% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

CLIFFS NATURAL RESOURCES INC (CLF): Free Stock Analysis Report

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Is Cliffs Natural Resources (CLF) Ready to Breakout?

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