Cliffs Natural Offering Possible 6.61% Return Over the Next 8 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 $28.00 short call and a strike $33.00 long call offers a potential 6.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock rose above the $33.00 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Cliffs Natural

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Fri, 08 Nov 2013 17:33:00 GMT
CNBC – CNBC's Seema Mody breaks down the last 3 market sell-offs, which left stocks like Abercrombie and Fitch, and Cliffs Natural the hardest hit.

Exploration Work Begins on the Yanac Project
Thu, 07 Nov 2013 23:58:37 GMT
noodls – Cliffs Natural Resources to fund US$500,000 for exploration. Program to consist of detailed and reconnaissance geological mapping, geochemical sampling, and Induced Polarization surveying. … This is …

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