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12.5% Return Seen to Date on SmarTrend Cleveland-Cliffs Inc Call (CLF)

By Shiri Gupta

SmarTrend identified a Downtrend for Cleveland-Cliffs Inc (:CLF) on August 2nd, 2019 at $9.41. In approximately 1 month, Cleveland-Cliffs Inc has returned 12.49% as of today's recent price of $8.24.

Over the past year, Cleveland-Cliffs Inc has traded in a range of $6.64 to $13.10 and is now at $8.23, 24% above that low. The 200-day and 50-day moving averages have moved 0.59% lower and 2.33% lower over the past week, respectively.

Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. The company operates four iron ore mines, including the Tilden mine in Michigan; and the Northshore, United Taconite, and Hibbing mines in Minnesota. It serves integrated steel companies and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cleveland-Cliffs Inc.

Log in and add Cleveland-Cliffs Inc (CLF) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights :clf cleveland-cliffs inc

Ticker(s): CLF