Ford Motor (F) NewsBite - Ford On the Move

Monday, August 18, 2008 12:54 PM EDT

Ford Motor (F) appears to be on the move today and is now at $4.98, down $.13 (-2.54%) on volume of 13,830,577 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.30 in July to a high of $9.24 in October. Ford Motor stock has been showing support around $4.94 and resistance in the $5.30 range. Technical indicators for the stock are neutral and S&P gives F a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on F the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 7 range. [ABR-Seven Summits Strategic Investments NewsBite]

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