Cliffs Natural Resources (CLF) PriceWatch Alert Support Down To $20.91





Cliffs Natural Resources (NYSE: CLF) closed yesterday at $23.18. So far the stock has hit a 52-week low of $11.80 and 52-week high of $121.95. Cliffs Natural Resources stock has been showing support around 20.91 and resistance in the 27.03 range. Technical indicators for the stock are Bearish. CLF appears on the Investors Observer Stocks In The News list. BMO Capital Markets downgraded CLF Wednesday to Market Perform from Outperform. For a hedged play on this stock, look at an Oct '09 12.50 covered call (CLF JQ) for a net debit in the $11.58 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 50.04% downside protection and a 7.94% assigned return rate for an 18.59% annualized return rate (comparison purposes only). Cliffs Natural Resources has a current annual dividend yield of 1.22%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]



CLICK HERE: FREE Cliffs Natural Resources (CLF) Stock Report
See what our analysts have uncovered about Cliffs Natural Resources (CLF).
More News For Cliffs Natural Resources (CLF):

Cliffs Natural Resources (CLF) Showing Resistance Near $77.87 With 1.49% Dividend Yield

Wednesday, February 08, 2012... Cliffs Natural Resources (NYSE:CLF) closed Tuesday's bullish trading session at $75.51. In the past year, the stock has hit a 52-week low of $47.31......

http://www.marketintelligencecenter.com/analyfav/1333174

Stock Futures Head Lower with Verizon (VZ) and Walgreen (WAG) on the Move

Tuesday, February 07, 2012... First look... Stock futures are sliding again this morning as Greece's talks with international lenders on the terms of securing a second bailout......

http://www.marketintelligencecenter.com/newsbites/1333105

Cliffs Natural Resources (CLF) Showing Bullish Technicals But Could Break Through $74.82 Resistance

Wednesday, February 01, 2012... Cliffs Natural Resources (NYSE:CLF) closed Tuesday's wandering trading session at $72.25. In the past year, the stock has hit a 52-week low of......

http://www.marketintelligencecenter.com/analyfav/1331715

Cliffs Natural Resources (CLF) Down 4.3% After Lowering Guidance

Friday, January 27, 2012... Cliffs Natural Resources (NYSE: CLF) slumped Friday after the company said its fourth quarter earnings would be at the low end of its previous......

http://www.marketintelligencecenter.com/newsbites/1330922

Stocks Futures Flat Ahead of Data with Ford (F) and Starbucks (SBUX) on the Move

Friday, January 27, 2012... First look... Stock futures pointed to slightly higher start for the market this morning as investors focused on earnings, along with fourth-quarter......

http://www.marketintelligencecenter.com/newsbites/1330906


Hedged Trade Ideas For CLF:

CLF




blog comments powered by Disqus


investorsobserver
OptionsXpress
Fidelity Investments
Brokers Xpress
money show 2011

Portions of this content may be copy written by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. SmartReadMX and other related related technologies used to produce content for this service are covered by US Patents numbers 7,865,496, 7,856,390, and 7,716,116.