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Is Cleveland-Cliffs Inc (CLF) Stock About to Get Hot Monday?

Monday, May 10, 2021 10:38 AM | InvestorsObserver Analysts

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Is Cleveland-Cliffs Inc (CLF) Stock About to Get Hot Monday?

The market has been high on Cleveland-Cliffs Inc (CLF) stock recently. CLF gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Cleveland-Cliffs Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CLF!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CLF Stock Today?

Cleveland-Cliffs Inc (CLF) stock has risen 5.07% while the S&P 500 is down -0.18% as of 10:37 AM on Monday, May 10. CLF has risen $1.07 from the previous closing price of $21.12 on volume of 11,536,652 shares. Over the past year the S&P 500 has gained 44.18% while CLF has risen 373.13%. CLF lost -$0.11 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Cleveland-Cliffs Inc click here.

More About Cleveland-Cliffs Inc

Cleveland-Cliffs Inc is an independent iron ore mining company in the United States and is a supplier of iron ore pellets to the North American steel industry from its mines and processing facilities located in Michigan and Minnesota. It is also engaged in the production of Hot-Briquetted Iron in the Great Lakes region with the development of a production plant in Toledo, Ohio.

Click Here to get the full Stock Score Report on Cleveland-Cliffs Inc (CLF) Stock.

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