- New Trades -
Ford Motor Co. - F - close: 13.67
Ford is on the move. Shares appear to be revving up for a bullish breakout higher. We added Ford last week as a watch list candidate. The stock had a good week with a +5% gain and a breakout past resistance near $13.50. Our plan was to wait for shares to close above $13.60 and then buy calls the next day. Ford met that entry requirement on Friday so our trade opens on Monday morning.
Investors will want to take note that the next monthly U.S. auto and truck sales figures will come out in a few days. The results could move this stock. You'll also want to keep in mind that shares of Ford will begin trading ex-dividend on May 1st. The stock is currently yielding 3.1%.
Our long-term target is $16.50. You could certainly aim higher. Currently the Point & Figure chart is forecasting a $24.50 target.
Breakout trigger: Wait for a close above $13.60, buy calls the next day
stop loss @ $12.40
BUY the 2014 Jan $15 call (F1418A15) current ask $0.59
- or -
BUY the 2015 Jan $15 call (F1517A15) current ask $1.26
Chart of F:
Current Target:$ 16.50
Current Stop loss: 12.40
Play Entered on: 04/29/13
Originally listed on the Watch List: 04/20/13