By Tim - http://stockstobuy.org
Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - May 24, 2010
Ford Motor Co. ( F ) Support & Resistance Levels - 5/24/10
Resistance Levels: $12.87, $13.48
Support Levels: $11.50. $10.59
Chart - http://www.stockcharts.com
Ford (NYSE:F) bounced off the 200 day moving average on Friday in a major way. Ford will now have support at this level the next time it retests it as well. If the 200 day moving average fails to hold, I think the stock could fall into the low $9's. I like Ford for the long term below $12 so this is an area to start scaling back in while everyone is selling.
Ford (NYSE:F) bounced off the 200 day moving average on Friday in a major way. Ford will now have support at this level the next time it retests it as well. If the 200 day moving average fails to hold, I think the stock could fall into the low $9's. I like Ford for the long term below $12 so this is an area to start scaling back in while everyone is selling.
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