Day: May 2, 2011

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.

INDUSTRY INFLUENCER

Maza Diamond Drilling

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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INDUSTRY INFLUENCER

Maza Diamond Drilling

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