Cliffs Natural Resources (CLF) Is Today's Perilous Reversal Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Cliffs Natural Resources ( CLF) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Cliffs Natural Resources as such a stock due to the following factors:

  • CLF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.6 million.
  • CLF has traded 2.1 million shares today.
  • CLF is down 3% today.
  • CLF was up 5.4% yesterday.

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More details on CLF:

Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. The stock currently has a dividend yield of 10.2%. Currently there are 2 analysts that rate Cliffs Natural Resources a buy, 5 analysts rate it a sell, and 8 rate it a hold.

The average volume for Cliffs Natural Resources has been 10.0 million shares per day over the past 30 days. Cliffs Natural has a market cap of $821.6 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.25 and a short float of 51% with 7.43 days to cover. Shares are down 20.9% year-to-date as of the close of trading on Thursday.

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