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Bearish MACD for Cliffs Natural Resources Inc.
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Cliffs Natural Resources Inc.’s (CLF - Free Report) MACD indicator has moved into bearish territory with a reading of –2.3687. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.80% to $30.45 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 3 cents over the past week to $3.56 per share.