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Cleveland-Cliffs Inc Bearish Moving Average Crossover Alert (CLF)

By Amy Schwartz

Today, shares of Cleveland-Cliffs Inc (:CLF) have crossed bearishly below their 10-day moving average of $8.06 on a volume of 3.7 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cleveland-Cliffs Inc share prices have been bracketed by a low of $6.64 and a high of $13.10 and are now at $7.79, 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.9%.

SmarTrend is monitoring the recent change of momentum in Cleveland-Cliffs Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cleveland-Cliffs Inc in search of a potential trend change.

Keywords: moving crosses :clf cleveland-cliffs inc

Ticker(s): CLF