Cliffs Natural Offering Possible 6.38% Return Over the Next 23 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 $22.00 short call and a strike $27.00 long call offers a potential 6.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $27.00 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 47.18 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cliffs Natural

Harness outsized gains with Cramer stock strategy
Thu, 27 Feb 2014 23:00:41 GMT

9:09 am Cliffs Natural Resources announces extended supply agreement with ArcelorMittal USA (MT); maintaining its 2014 full-year sales and production volume expectations
Thu, 27 Feb 2014 21:57:01 GMT

CLIFFS NATURAL RESOURCES INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
Thu, 27 Feb 2014 21:06:11 GMT

Cliffs Natural announces extended supply agreement with ArcelorMittal
Thu, 27 Feb 2014 14:08:27 GMT

Cliffs Natural Resources Inc. Announces Extended Supply Agreement with ArcelorMittal USA Inc.
Thu, 27 Feb 2014 14:02:02 GMT
Thomson Reuters ONE – CLEVELAND – Feb. 27, 2014 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has entered into a revised commercial agreement with ArcelorMittal USA Inc. to supply iron ore …

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