Cleveland-Cliffs saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 65 to 76.
Can You Really Time The Stock Market?
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their largest climbs. See if Cleveland-Cliffs can continue to rebound and hit that benchmark.
Cleveland-Cliffs is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could ignite a new run.
Cleveland-Cliffs reported 0% EPS growth last quarter. Revenue gains came in at -3%.
Cleveland-Cliffs earns the No. 12 rank among its peers in the Steel-Producers industry group. Grupo Simec ADR, Tenaris ADR and Nucor are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
