Ford Motor Co. (NYSE: F ) Support & Resistance Levels - 1/19/11
Resistance Levels: $19-$20
Support Levels: $17, $16
Chart - http://www.stockcharts.com
Ford (NYSE:F) dropped 4% as the stock broke down technically. Ford could be getting ready for a retest of the $17 area. Ford stock has been on an amazing run lately but will face strong resistance located between $19-$20. On the downside, Ford will have support on the downside located at $17 as well as $16.90. Ford is a strong buy below $16 if we see a pullback in 2011. Continue to keep F on your watchlist!