Ford Motor Co (NYSE: F) Headed Higher Says Market Timer Frank Kollar
April 11, 2007
Shares of Ford Motor Co (NYSE: F), the automotive giant that traces its history all the way back to 1903, have more upside ahead.
Ford, which closed Tuesday at $8.19, has climbed slowly out of a two-month slump, and now has upside potential to about the $8.65 to $8.75 level. Should Ford break out above this level on increasing volume, we would be looking at a new up trend that could last months.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy currently has a position in Ford.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Go to previous Trading Notes.
Note: These "Trading Notes" are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2007, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
