Do or die time for Cliffs Natural Resources. The stock is approaching a huge level at 47.30. My bias is leaning on the short side and I believe the coal sector is due for some more pain. That being said, the bull case is that CLF does have a 5.5% yield which is much more significant than treasuries. Longer term investors might see CLF as a value play as well but a test and clear fail of 47-47.30 would put CLF in favor of the bears.
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