Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - August 3, 2009Ford Motor Co. ( F ) Support & Resistance Levels - 8/3/09
Resistance Levels: $8.79, $10
Support Levels: $8, $6.94
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Ford is set to report it's first monthly sales gain in two years. This news is due in part to the cash for clunkers program that has seen a huge acceptance. A few weeks ago I upgraded Ford stock to a buy with an $8-$9 price target which has been met today ( $8.60 ) in pre market.
Will Ford stock continue to go up? Should you buy F stock? These are great questions. I am watching the next major resistance level which is $8.79. I feel a close above $8.79 would set up a move toward $10 where there will be significant resistance.
On the downside, If I see a pullback to the lows $7's down to the high $6's, I will be loading up.
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