Hype vs. Reality for Shares of Ford Motor Co (NYSE: F)
Says Market Timer Frank Kollar
July 29, 2010 (FinancialWire) (By Frank Kollar)
Since early July shares of Ford Motor Co (NYSE: F) have
risen 29% after a 41% decline from late April through June.
How much further can they rise?
Ford is the second largest US automaker and the fourth
largest in the world based on number of vehicles sold annually.
Ford’s recently announced second quarter results
show that the company continues to improve its financial
position and gain share in US markets.
As the automaker that did not take government bailout
money, Ford can hold its head high, but is the stock worth
buying?
On Monday, July 26, shares rallied to close at $12.94.
This is above the 61.8% retracement of the entire two-month
decline and points to a run to the prior highs above $14
a share.
Should the economy start to show signs of improvement
Ford will be one the first public companies to benefit.
But until that happens, look for $14.00 a share as the
target for this advance.
http://www.Fibtimer.com does
not currently have a position in Ford Motor Co.
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.
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.
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