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Wall Street Fundamentals Releases New In-Depth Stock Reports on CLF, MT, RIO and VALE

January 22, 2014

Category: Baystreet Newswire Company: Wall Street Fundamentals ID: 411155 Date: Wednesday, January 22, 2014 Ticker: NYSE:CLF Iron ore miners fell Tuesday as prices for the commodity tumbled to a six-month low due to slow down in Chinese buying. Recent numbers from China's National Bureau of Statistics has shown that China’s daily steel production rate fell to 2.01 million tons in December, a new low for 2013. "It is the dead of the northern winter and the market is looking for direction, and while the outlook for China in 2014 is considered to be pretty stable the market didn't take the GDP numbers very well," said UBS Analyst Tom Price . Cliffs Natural Resources Inc. (NYSE: CLF) shares traded in the range of $20.79 to $22.07 Tuesday before settling to close at $21.30 , a decrease of 5.04 percent. The stock appears to be facing some resistance at the $22.32 and $23.60 levels with some support at $21.21 . Shares of Cliffs Natural Resources have fallen approximately 42.0 percent in the past year. More information on Cliffs Natural Resources and access to the free equity report can be found at: www.WallStreetFundamentals.com/CLF ArcelorMittal (NYSE: MT) shares traded in the range of $16.85 to $17.33 Tuesday before settling to close at $16.95 , a decrease of 2.42 percent. The stock appears to be facing some resistance at the $17.20 and $18.92 levels with some support at $16.45 . Shares of ArcelorMittal have fallen approximately 3.0 percent in the past year. More information on ArcelorMittal and access to the free equity report can be found at: www.WallStreetFundamentals.com/MT Rio Tinto plc (NYSE: RIO) shares traded in the range of $53.04 to $53.64 Tuesday before settling to close at $53.28 , a decrease of 3.20 percent. The stock appears to be facing some resistance at the $53.59 and $54.97 levels with some support at $52.22 . Shares of Rio Tinto have fallen approximately 5.0 percent in the past year. More information on Rio Tinto and access to the free equity report can be found at: www.WallStreetFundamentals.com/RIO Vale SA (NYSE: VALE) shares traded in the range of $13.05 to $13.54 Tuesday before settling to close at $13.27 , a decrease of 3.77 percent. The stock appears to be facing some resistance at the $13.58 , $13.81 and $14.14 levels. Shares of Vale have fallen approximately 33.0 percent in the past year. More information on Vale and access to the free equity report can be found at: www.WallStreetFundamentals.com/VALE Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace. Activate your always free membership by signing up at www.WallStreetFundamentals.com today. Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release. Contact:Wall Street FundamentalsWebsite: www.WallStreetFundamentals.comEmail: editor@wallstreetfundamentals.com


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Source: ACCESSWIRE (Canada)


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