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Ford our Free Stock Pick for Tue Jan 4th 2011

by Sinisa Persich, Mon January 3rd 2011

Be alerted when Sinisa posts an article

Ford Motor Co. (F) jumped 46 cents, or 2.74%, on Monday, closing at 17.25, just 1% below a multi-year high at 17.42. The stock broke above the upper trend line of a bullish pennant after nearly two months of consolidation. Volume also returned back to average after a few weeks of light volume.

I see a high probability for trend continuation and a move toward the 18.20-18.60 target range. Preferred entry (buy stop) price is 17.40, with a stop loss at 16.90.

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