Cleveland-Cliffs saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 65 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they begin their largest price moves. See if Cleveland-Cliffs can continue to rebound and hit that benchmark.
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Cleveland-Cliffs is building a cup with handle with a 21.41 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
EPS growth declined in the company's latest report from 83% to 0%, but revenue rose from -1% to 1%.
Cleveland-Cliffs holds the No. 1 rank among its peers in the Steel-Producers industry group.
