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Cleveland-Cliffs Inc Crosses Above its 10-day MA (CLF)

By Shiri Gupta

Cleveland-Cliffs Inc (:CLF) crossed over its 10-day moving average of $9.18 on a volume of 2.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cleveland-Cliffs Inc has traded in a range of $7.40 to $13.10 and is now at $9.30, 26% above that low. The 200-day and 50-day moving averages have moved 0.21% lower and 0.73% lower over the past week, respectively.

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