The Hourly View for CLF
At the moment, CLF (Get Ratings)’s price is up $0.49 (2.92%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CLF’s Technical Outlook on the Daily Chart
At the time of this writing, CLF’s price is up $0.51 (3.02%) from the day prior. CLF has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Cleveland-Cliffs Inc’s price action over the past 90 days can be seen via the chart below.
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The post Cleveland-Cliffs Inc (CLF): Price Now Near $17.27; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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