Cleveland-Cliffs stock had its Relative Strength (RS) Rating upgraded from 77 to 84 Thursday.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Is Cleveland-Cliffs Stock A Buy?
Cleveland-Cliffs stock is trying to complete a cup without handle with an 11.96 buy point. See if steel producer stock can break out in heavy volume.
The steel producer posted 0% earnings growth in its most recent report. Revenue rose -3%.
Cleveland-Cliffs stock earns the No. 7 rank among its peers in the Steel-Producers industry group. ArcelorMittal ADR, Luda Technology Group and Tenaris ADR are among the top 5 highly rated stocks within the group.
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