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Above Resistance - Ford
Published on Monday, 06 February 2012 07:56 Written by Christian Paolinetti
New York, February 6th (TradersHuddle.com) - Shares of Ford Motor Company (NYSE:F) closed the trading session at $12.79 just above calculated resistance at $12.75 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Ford Motor Company (NYSE:F) designs, manufactures, and services cars and trucks. The Dearborn, MI based automaker sell its vehicles under the Ford, Mercury and Lincoln brand names. Thorugh its subsidiaries it offers lease and financing as well as auto parts with its Motorcraft brand.
Ford's stock was trading in a well defined range with support at $11.79 and resistance at $12.75, given that this range was broken traders will be closely monitoring the stock
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