By Tim - http://stockstobuy.org
Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - May 9, 2010
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Ford Motor Co. ( F ) Support & Resistance Levels - 5/9/10
Resistance Levels: $12, $12.70, $13.48
Support Levels: $11.50, $10.59, $10
Chart - http://www.stockcharts.com
Ford (NYSE:F) held the $10.59 support level on Friday and hasn't been this oversold since the March 2009 lows. I continue to like this pullback as a buy for the long term but you might want to wait until Ford closes back above the 10 day moving average and buy half. If Ford makes another plunge down to the 200 day moving average, I think you have to close your eyes and buy!
Ford (NYSE:F) held the $10.59 support level on Friday and hasn't been this oversold since the March 2009 lows. I continue to like this pullback as a buy for the long term but you might want to wait until Ford closes back above the 10 day moving average and buy half. If Ford makes another plunge down to the 200 day moving average, I think you have to close your eyes and buy!
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