Cliffs Natural Resources Inc (NYSE:CLF) had a reversal candle on Friday. This would be seen in the strong move up on Friday after the stock made a new 52 week low on Thursday. It often spells a reversal in stock price in the near term and can lead to great profits. Cliffs Natural Resources is a coal stock and is in one of the most hated sectors in the whole market. If you are a contrarian, this is also a positive as Cliffs Natural Resources. Based on the current price action this stock should be on high alert for a buy.
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Gareth Soloway
Chief Market Strategist
