Cliffs Natural Resources Falls 2.97% on Heavy Volume: Watch for Potential Rebound (CLF)
May 2, 2011
May 02, 2011 (SmarTrend(R) News Watch via COMTEX) — Cliffs Natural Resources (NYSE:CLF) traded in a range yesterday that spanned from a low of $93.05 to a high of $97.03. Yesterday, the shares fell 2.97%, which took the trading range below the 3-day low of $94.43 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
