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inthemoneystock (< 20)

Not Falling Off A Cliff Yet



February 23, 2011 – Comments (0)

Cliffs Natural Resources Inc.(NYSE:CLF) is a leading iron ore pellet producer. The stock is trading higher today by $1.81 to $94.55 a share. The move higher comes as the U.S. Dollar Index has sold off sharply and many commodity stocks are catching a bid higher today. Short term traders should watch the $95.20 and $96.00 levels for intra-day resistance. Pullbacks from both resistance areas are likely.

Nicholas Santiago

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