Ford Motor (F) NewsBite - F Falls on Profit Taking

Posted: Friday, October 09, 2009 10:10 AM EDT

Ford Motor (NYSE: F) opened at $7.15. So far today, the stock has hit a low of $7.05 and a high of $7.16. F is now trading at $7.11, down $0.07 (-0.97%). Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $8.86. Shares of F are trading lower today, as investors take profit on the stock after it rose almost 5 percent during the first four days of this week. 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 January out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]

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