SOURCE: Wall Street Active

February 20, 2013 08:00 ET

Early Hours Recap on RIO, CCJ and CLF

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 20, 2013) - Following a long weekend, U.S. equity market edged higher in Tuesday's trading session. All three benchmark indexes rose after investors digested robust German economic data. A sharp rise in M&A activity has also boosted investors' sentiment. At the end of Tuesday's trading session, our research team took notice of Rio Tinto plc (NYSE: RIO), Cameco Corp. (NYSE: CCJ) and Cliffs Natural Resources Inc. (NYSE: CLF). Wall Street Active research team has completed free research on RIO, CCJ and CLF. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

Market Sentiment Bearish on Rio Tinto

Shares of Rio Tinto plc fell marginally in Tuesday's trading session. The stock closed 0.54% lower at $57.46 on volume of 2.03 million, which is in-line with the daily average volume. Market sentiment on Rio Tinto appears to be bearish at the moment. Yesterday, the stock's MACD moved below the signal line, which is a bearish signal. The stock has been struggling to break through $59 resistance level. Recent volume activity further confirms the bearish trend. Rio Tinto's shares currently have support at around $57. Sign up today and get useful insight about RIO for free at

Cameco's Shares Rise Sharply

Shares of Cameco rose sharply in Tuesday's trading session, outperforming the broad market. The stock closed 3.10% higher at $22.28 on above average volume of 1.91 million, which is above the daily average volume of 1.64 million. The sharp rise on substantial volume suggests that the market sentiment has turned bullish on Cameco's shares. This is further confirmed by the stock's daily price chart. Cameco's 50-day moving average recently moved above the 200-day moving average, which is a bullish signal. The stock also broke through $22 resistance level, which further substantiates the bullish trend. Free report on CCJ can be accessed by registering at

Cliffs Natural Resources Shares End Nearly Flat

Cliffs Natural Resources shares ended nearly flat in Tuesday's trading session. The stock closed 0.03% lower at $28.84 on above average volume of 16.41 million. The company's shares fell more than 20% last Wednesday after the company reported its quarterly results. Prior to the sell-off, the stock had been trading in a very tight range. Technical indicators for the stock are still giving strong bearish signals. The stock currently has support at around $28. Register with Wall Street Active and download the research on CLF for free at

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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