Equity Oracle: 12/27/13


Cliffs Natural Resources, Inc. (CLF) is a mining company that is showing signs of a breakout to the upside on the charts. Today the stock closed with a long green candle supported by higher volume on the buy side. Our goal is to buy the stock while it’s over the 20-day moving average and take our profits when it hits the target resistance area up around the $29 level.

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