Ford Motor (F) NewsBite - F Gets A Boost From Broker Upgrade
Posted: Monday, November 09, 2009 12:33 PM EDT
By: Market Intelligence Center Staff
Ford Motor (F) was upgraded today by analysts at and the stock is now at $8.08, up $0.33 (4.26%) on volume of 111,846,536 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.01 last November to a high of $8.86 in August. Ford Motor stock has been showing support around $7.20 and resistance in the $8.02 range. Technical indicators for the stock are bullish and S&P gives F a positive 4 STARS (out of 5) buy ranking. The stock is up nicely today after Standpoint Research, Inc. initiated coverage on the stock with a Buy rating in the wake of last week's better than expected third quarter earnings release. If you are looking for a hedged play on F the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Ford Motor (F) Stock ReportSee what our analysts have uncovered about Ford Motor (F).