By Tim - http://stockstobuy.org
Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - November 5, 2010
Ford Motor Co. ( F ) Support & Resistance Levels - 11/5/10
Resistance Levels: $16.50, $17
Support Levels: $15, $14.57
Chart - http://www.stockcharts.com
Ford (NYSE:F) stock has been on fire this week but is the ride just starting? Auto Sales are doing well and Ford will benefit from the upcoming GM IPO. Ford stock has support located at $15 as well as $14.57. Pullbacks below $14.50 are now viewed as a strong buy if we see a pullback. Ford will have resistance between $16.50-$17 but if the GM IPO is received well, the stock could trade well into the $17's. I probably wouldn't be chasing Ford right now given the run but I have been telling my readers for the past two months that Ford will benefit from this GM IPO. An early Christmas present for you!
Ford (NYSE:F) stock has been on fire this week but is the ride just starting? Auto Sales are doing well and Ford will benefit from the upcoming GM IPO. Ford stock has support located at $15 as well as $14.57. Pullbacks below $14.50 are now viewed as a strong buy if we see a pullback. Ford will have resistance between $16.50-$17 but if the GM IPO is received well, the stock could trade well into the $17's. I probably wouldn't be chasing Ford right now given the run but I have been telling my readers for the past two months that Ford will benefit from this GM IPO. An early Christmas present for you!
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