August 24, 2011
Shares of Ford Motor Co (NYSE: F) may be putting in a tradable bottom near $10.00 a share.
This level held declines back in June 2010 when intraday lows reached $9.75 a share and Ford closed at $9.88 a share.
Currently Ford is testing those same lows with an intra-day low at $9.81 and a closing low back on August 8 at $9.93.
Certainly a risky bullish trade but the stop would be tight around $9.70 a share and the potential for gain is high with short term resistance at $11.45 and long tern resistance at $16.00 a share.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not currently have a position in Ford Motor Co.