Large Inflow of Money Witnessed in Cliffs Natural Resources

Cliffs Natural Resources (CLF) stock had a bullish inflow of $14.83 million worth of trades on uptick and an outflow of $11.68 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.27. The net money flow into the stock was $3.15 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.77 million. An inflow of $1.52 million block trade was recorded on downticks. $3.29 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.16 in favor of the bulls. However, Cliffs Natural Resources (CLF) stock traded down $0.01 , and reached $5.8, a drop of -0.11% over the previous day. On a weekly basis, the stock is 1.11%, over the previous weeks close.


Cliffs Natural Resources (CLF) : 7 investment research analysts covering Cliffs Natural Resources (CLF) have an average price target of $4.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $1 for the short term. Analysts expect the variance to be within $2.49 of the average price. The stock has recorded a 20-day Moving Average of 15.09% and the 50-Day Moving Average is 36.8%.

Cliffs Natural Resources (NYSE:CLF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.96 and $5.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.94, notching a gain of 2.24% for the day. The total traded volume was 13,441,751 . The stock had closed at $5.81 on the previous day.

Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition, it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore, Asia Pacific Iron Ore and North American Coal. In the United States, it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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