Rio Tinto Down 2% (RIO)

Rio Tinto plc RIO is down almost 2%, despite its competitors like BHP Billiton BHP and Cleveland Cliffs CLF being down much less. BHP was down 5 cents at last check, while CLF was off 39 cents to $68.62, a loss of 0.5%. Traders could take advantage of this by going long RIO and shorting one of the others in a pairs trade, or simply going long RIO if they believe that this group will continue to rise. Disclosure: no positions