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Today's Dead Cat Bounce Stock: Cliffs Natural Resources (CLF)

Trade-Ideas LLC identified Cliffs Natural Resources ( CLF) as a "dead cat bounce" (down big yesterday but up 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 $18.1 million.
  • CLF has traded 140,324 shares today.
  • CLF is up 5.8% today.
  • CLF was down 16.2% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CLF with the Ticky from Trade-Ideas. See the FREE profile for CLF NOW at Trade-Ideas 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, 4 analysts rate it a sell, and 8 rate it a hold. The average volume for Cliffs Natural Resources has been 5.7 million shares per day over the past 30 days. Cliffs Natural has a market cap of $451.0 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.36 and a...