Ford Motor (F) NewsBite - F Is On the Move

Posted: Thursday, November 19, 2009 10:09 AM EDT

Ford Motor (F) appears to be on the move today and is now at $8.62, down $0.32 (-3.58%) on volume of 19,619,108 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $9.14. F was covered in a Lee Allen report today. To read the report, and see whether Lee thinks we are in the middle of a stock market bubble, go to www.marketintelligencecenter.com/la111909 . Ford Motor stock has been showing support around $8.62 and resistance in the $9.30 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 March out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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