Steel Stock Could Continue Higher Says Bull Signal
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Cleveland-Cliffs Inc (NYSE:CLF) shares are currently down 4.5% at $10.64, despite a positive first-quarter report. The stock has a nearly 20% year-to-date deficit but a bullish signal is emerging from its 80-day moving average, which historically leads to a 71% chance of a price increase in the following month. Short interest has risen by 16.5%, indicating potential for a short squeeze. The stock's volatility score is high, suggesting it has experienced greater volatility than options pricing over the past year.
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