1
CLF stock price fell 16% in the current month and formed a bearish pattern.
2
Cleveland Cliffs stock faced rejection from the 200-day EMA and also dropped below the 50-day EMA.
3
CFL stock price is trading near the YTD day lows.
CLF stock price (NYSE: CLF) fell 16% (approx.) in the current month and broke down the crucial support of $15.00. CLF stock price formed a bearish pattern and erodes the gains generated in the past few months.
Cleveland Cliffs stock price faced rejection from the 200-day EMA and slipped below the 50-day EMA. It shows the short-term as well as long-term trend is in a downward direction.
At the beginning of June, CLF stock took support near $13.00 and prices showed a bounce back. Later, prices took a U-turn and managed to climb above the 50-day EMA. It triggered the positive sentiment and created hope for a bullish trend reversal.
CLF stock price rallied 18% (approx.) and reached $18.00. Cleveland Cliffs r
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