The following is technical analysis for Ford Motor Company ( F ) - May 11, 2009Ford Motor ( F ) Support & Resistance Levels - 5/11/09
Resistance Levels: $6.53, $8.79
Support Levels: $5.50, $5
Ford stock has been a huge surprise over the past two months. I do think that it's probably overdone to the upside and in need of a healthy correction but I could say the same thing about many stocks right now. If the correction does come, there is nice support around $5.00-$5.50. When Ford got back over $5, Mutual funds were allowed to start buying again as most don't own stocks under $5. I also love pullbacks to the 50 and 200 day moving averages.
On the upside, Ford broke up through the July 2008 high of $6.33 and the next major resistance level is located at $8.79. For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
On the upside, Ford broke up through the July 2008 high of $6.33 and the next major resistance level is located at $8.79. For more Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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