Cliffs Natural Resources ( CLF) is an international mining and natural resources company. The company is an iron ore producer and a producer of metallurgical coal. This stock is trading up 1.3% at $40.45 in recent trading. Today's Volume: 11 million Average Volume: 4.8 million Volume % Change: 345% >>Top 5 Bargain Stocks in the S&P 500 From a technical perspective, CLF is moving modestly higher here with monster volume. This move has pushed CLF within range of its 50-day moving average of $42.05. At last check, CLF has hit an intraday high of $42.15, but it has subsequently pulled back to around $40.50. Traders should now look for long-biased trades in CLF once it manages to sustain a move or close above its 50-day at $42.05 with high volume. Look for volume off that move that hits near or above 4.8 million shares. If that breakout triggers soon, look for CLF to re-test or possibly take out its next major overhead resistance levels at $43.24 to $44.62. If $44.62 does get taken out with volume, then CLF could trade up towards $50 to $52.
Shares of Homeowners Choice (Nasdaq:HCII) have taken a tremendous swing upward. The stock is trading at $13.50 as of 12:49 p.m. ET, 21.1% above Thursday's closing price of $11.15. Volume is at 106,349, 7.8 times the daily average of 13,700.