Cliffs Natural Resources (NYSE:CLF) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $75.18 on volume of 2.9 million shares, above average daily volume of 2.8 million.

Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

In the past 52 weeks, shares of Cliffs Natural Resources have traded between a low of $47.31 and a high of $102.48 and closed yesterday at $75.18, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.6%.

There is potential upside of 36.3% for shares of Cliffs Natural Resources based on a current price of $75.18 and an average consensus analyst price target of $102.46. The stock should find resistance at its 200-day moving average (MA) of $77.01, as well as support at its 50-day MA of $67.38.

SmarTrend recommended that subscribers consider buying shares of Cliffs Natural Resources on January 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.77. Since that recommendation, shares of Cliffs Natural Resources have risen 12.6%. We continue to monitor CLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.