By Tim - http://stockstobuy.org
Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - November 6, 2010
Ford Motor Co. ( F ) Support & Resistance Levels - 11/6/10
Resistance Levels: $16.50, $17
Support Levels: $15, $14.57
Chart - http://www.stockcharts.com
Ford (NYSE:F) stock closed at $16.21 on Friday? 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 one. 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 closed at $16.21 on Friday? 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 one. 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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