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Investors Should Be Ready To Buy Shares Of $F Here

Shares of Ford Motor Company (NYSE:F) along with other auto stocks are tanking today. Poor sales numbers reported this morning and a huge spike in auto loan defaults are causing new 52 week lows across the board. As Ford Motor Company falls, investors should be ready to scoop it up at a triple bottom technical support on the stock chart. The level is $11.00 and this will likely yield a solid multi-day bounce of at minimum 10%. The bearish sentiment on the auto sector is reaching a maximum and near-term bottoms will be put in. This is just a swing trade (near-term). Do not look to get married to these stocks.