NEW BULLISH Plays
Ford Motor Co. - F - close: 16.99 change: +0.00
Stop Loss: 16.29
Target(s): 18.40, 19.95
Current Gain/Loss: + 0.0%
Time Frame: 10 to 12 weeks
New Positions: Yes, see below
Why We Like It:
Investors continue to buy the dips in shares of Ford. The current consolidation looks like it is almost over as Ford inches higher. There is potential resistance at the November highs near $17.40 but I am suggesting bullish positions now at current levels or on dips toward $16.50. We'll try and limit our risk with a stop loss at $16.29.
FYI: The Point & Figure chart for Ford is bullish with a long-term target of $19.50.
Buy Ford now at current levels.
Suggested Position: Buy Ford stock @ current levels
- or -
Buy the 2011 January $17.50 calls (F1122a17.5) current ask $0.30
- or -
Buy the 2011 March $18.00 calls (F1119C18) current ask $0.63
Entry on December 23 at $xx.xx
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume: 58.7 million
Listed on December 22nd, 2010