Relative strength index readings in clf stock price forecast suggest the stock is nearing overbought territory, but past rallies have extended beyond similar levels. Cleveland-Cliffs doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above. There are obvious reasons why investors should consider these stocks for their DCA basket, as they could offer the best of both safety and upside potential in the coming months. Latest clf stock price forecast data suggest Cliffs Natural Resources is trading near $20.85, with analysts projecting modest upside towards $23.50 over the next quarter, driven by steady iron ore demand and firm steel prices. Market sentiment remains cautiously bullish as commodity indexes trend higher.
