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Benzinga
Benzinga
Business
David Pinsen

Locking In Cleveland-Cliffs Gains: The Steelmaker Has Been A Top Name Of Ours, But Its Recent Parabolic Move Means Caution Is Warranted.

Cleveland-Cliffs Goes Parabolic

As I mentioned in my previous post on United States Steel Corporation (NYSE:X), U.S.-led sanctions on Russia in response to its invasion of Ukraine have put upward pressure on steel prices recently, as Russia is one of the world's top steel exporters. Like United States Steel, Cleveland-Cliffs, Inc. (NYSE:CLF) has been a recent top name in our system, appearing in our top ten on March 3rd, for example. 

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