By Tim - http://stockstobuy.org
Ford Stock Chart - The following is technical analysis for Ford Motor Company ( F ) - February 5, 2011
Ford Motor Co. (NYSE: F ) Support & Resistance Levels - 2/5/11
Resistance Levels: $16, $17
Support Levels: $15.10, $15
Chart - http://www.stockcharts.com
Ford (NYSE:F) stock closed at $15.72 on Friday. Ford (F) held the $15.10 from Thursday but also failed at $16 on Friday. Ford Stock closed in the red which could set up another wave of selling on Monday. I continue to like Ford below $16 for the long term but won't get involved until the lower $15's and a break below $15. Based on last weeks trading, F stock has solid buying support down around $15 so this is why it made a short term bottom. When Ford breaks current resistance at $16, I think it will retest $17 shortly after.
Ford Motor Co. (NYSE: F ) Support & Resistance Levels - 2/5/11
Resistance Levels: $16, $17
Support Levels: $15.10, $15
Chart - http://www.stockcharts.com
Ford (NYSE:F) stock closed at $15.72 on Friday. Ford (F) held the $15.10 from Thursday but also failed at $16 on Friday. Ford Stock closed in the red which could set up another wave of selling on Monday. I continue to like Ford below $16 for the long term but won't get involved until the lower $15's and a break below $15. Based on last weeks trading, F stock has solid buying support down around $15 so this is why it made a short term bottom. When Ford breaks current resistance at $16, I think it will retest $17 shortly after.
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