The Relative Strength (RS) Rating for Cleveland-Cliffs entered a new percentile Monday, with a rise from 78 to 84.
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This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating of above 80 as they launch their biggest climbs.
Cleveland-Cliffs is building a cup without handle with an 11.96 buy point. See if the stock can break out in heavy volume.
The company showed 0% EPS growth in the latest quarterly report. Revenue increased -3%.
The company earns the No. 7 rank among its peers in the Steel-Producers industry group. ArcelorMittal ADR, Nucor and TERNIUM ADR 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.
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