Ford Motor Co. F Stock Analysis - 12/29/09

Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - December 29, 2009

Ford Motor Co. ( F ) Support & Resistance Levels - 12/29/09

Resistance Levels: $12

Support Levels: $9.75, $9.58, $8.52

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Ford (NYSE:F) hit a new 52 week high Monday at $10.37. Although I do not currently have a long term position, I would consider investing in Ford if we saw a correction back to the 10 day moving average located at $9.70 as well as the 50 day moving average at $8.52. However, I don't think the pullback will come until the start of 2010. The stock is extremely overbought but can remain that way for awhile.

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