Cliffs Natural Resources (CLF) NewsBite - CLF Rises on Higher Coal

Posted: Tuesday, September 15, 2009 11:39 AM EDT

Cliffs Natural Resources (NYSE: CLF) opened at $30.48. So far today, the stock has hit a low of $30.39 and a high of $32.38. CLF is now trading at $32.33, up $1.93 (6.35%). Over the last 52 weeks the stock has ranged from a low of $11.80 to a high of $84.47. Shares of CLF are rising today, helped by higher coal futures. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for CLF. If you are looking for a hedged play on CLF the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 28 range. [ABR-Seven Summits Strategic Investments NewsBite]

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