Cliffs Natural Offering Possible 20.48% Return Over the Next 39 Calendar Days

Cliffs Natural's most recent trend suggests a bearish bias. One trading opportunity on Cliffs Natural is a Bear Call Spread using a strike $24.00 short call and a strike $29.00 long call offers a potential 20.48% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $24.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $29.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cliffs Natural is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cliffs Natural is bearish.

The RSI indicator is at 40.41 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cliffs Natural

Deutsche Bank Upgrades Cliffs Natural Resources as Industrial Miners to Outperform Gold
Tue, 14 Jan 2014 19:47:00 GMT
Barrons.com – In 2013, precious- and industrial-metal miners were good for one thing: Mining losses. Will 2014 be any better? Last year, Barrick Gold (ABX) lost 48%, Newmont Mining (NEM) fell 48%, Goldcorp (GG) declined …

Cliffs Natural Resources upgraded by Deutsche Bank
Tue, 14 Jan 2014 19:06:20 GMT

Stay away from Cliffs Natural Resources: Trader
Tue, 14 Jan 2014 17:28:00 GMT
CNBC – FMHR trader Josh Brown thinks Cliffs Natural Resources is “technically gaining momentum,” and the negativity for the stock is over. However, Stephen Weiss is a seller.

The Key to Recovery for Cliffs Natural Resources in 2014
Mon, 13 Jan 2014 16:38:22 GMT
Motley Fool – Cliffs needs to see greater demand for steel production in order to bolster the raw materials it produces. Will it happen in 2014? Find out here.

Why Cliffs Natural Resources Is Falling, And How It Can Help You
Sun, 12 Jan 2014 08:36:05 GMT
Seeking Alpha – Cliffs Natural Resources ( CLF ) is falling at the moment. As of Friday's close it stood at $22.83, a considerable drop down from its very recent high of just short of roughly 26.50 at the start of the …

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