After dropping from about $18 to $14, the stock appears to have caught strong support again dating back to late 2022. It’s also starting to pivot from over-extensions on RSI and Williams’ %R. From its current price of $14.75, we’d like to see it initially test $18 again soon.

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Helping, Citi analysts just upgraded CLF to a buy rating from Hold, with a $22 price target.

“Sheet [steel] prices are expected to catch a bit [bid] from seasonal restocking, potentially exacerbated when the UAW strikes are resolved, supported by maintenance outages and slowing imports,” said the firm, as quoted by Barron’s. Here is what I am looking at today. CROC Inc. (CROX) is starting a trend up and has the potential for a great trade. I have also included an update on a previous trade example at the bottom of this message.


Ian Cooper