Formerly Cleveland-Cliffs Inc., Cliffs Natural Resources Inc (NYSE: CLF), an international mining and natural resources company, is a producer of iron-ore pellets in North America, a supplier of direct-shipping lump and fine iron ore out of Australia and a producer of metallurgical coal. The company should benefit from a strong market position in North America and a platform for expansion to Asia

On October 6 at $66.25 the Trade of the Day said, “Technically it is in a powerful bull market, holding above both its bullish support line and 200-day moving average.” Since then the stock has been trading in a well-defined bull channel with high momentum and clear support and resistance lines.

The technical target is $85. S&P rates CLF a Four-Star Buy and raised its 12-month target to $90 from $75.