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Alert: Key Levels, Finding The Perfect Trade

|Includes: Ford Motor Company (F), GM

 As the markets continue their wild ways, with moves up and down every other day, the swing trading market has become a thing of beauty. Major stocks are being slammed down, then bouncing off major support levels for a day or two, before dropping again. This seems to be repeating every few days which makes swing trading even better. One ideal swing trade was Ford Motor Company (NYSE:F). Yesterday, the stock fell into the 200 moving average on the daily chart. This was the first hit of this major support in months and thus would be a perfect long swing trade. The buy triggered at the 200 moving average at a price of $14.00 yesterday. Today, the stock is jumping, spiking to a high of $14.54. This is an example of a perfect swing trade. Half the profit should be off the table at this level and a break even stop on the remainder.

Related: General Motors Company (NYSE:GM)

Gareth Soloway