$CLF may be an infrastructure play. It seems to be forming an inverse head and shoulders pattern. I'll be looking for it to break-out across the down trend line I've drawn and look for a logical entry. If I take the trade, my stop will be just below that same trend line for a well defined risk.
From earningswhispers.com:
Cleveland-Cliffs (CLF) reported Quarter December 2020 earnings of $0.24 per share on revenue of $2.3 billion. The consensus earnings estimate was $0.28 per share on revenue of $2.3 billion. The Earnings Whisper number was $0.29 per share. Revenue grew 322.4% on a year-over-year basis.
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.
From earningswhispers.com:
Cleveland-Cliffs (CLF) reported Quarter December 2020 earnings of $0.24 per share on revenue of $2.3 billion. The consensus earnings estimate was $0.28 per share on revenue of $2.3 billion. The Earnings Whisper number was $0.29 per share. Revenue grew 322.4% on a year-over-year basis.
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.
Trade active:
4/6 Starter position now active @ $19.02 Stop $18.00 Looking to build a position only on strength. After the breakout on 3/31 I waited for a pullback to enter.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.