Ford Motor (F) NewsBite - F Could Be On the Move

Posted: Thursday, October 08, 2009 10:35 AM EDT

Ford Motor (F) could be on the move today and is now at $7.16, up $0.03 (0.4%) on volume of 7,331,477 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $8.86. F was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la100809 . Ford Motor stock has been showing support around $6.95 and resistance in the $7.23 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 bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]

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