Breakout in Ford

Mid-Day Minute for Wed December 16th 2009
by Mike Paulenoff, www.MPTrader.com

Be alerted when Mike posts an article

Ford (NYSE: F) has followed a very bullish script of late, as it coiled from its Nov 18 high at 9.14 into yesterday’s upside breakout that has triggered upside follow-through to 9.53 so far, perhaps on the way to my next optimal trading zone at 9.70 to 10.00. At this juncture, a break below 9.30 will begin to indicate that the upside thrust is a bit exhausted.

Mike Paulenoff is author of MPTrader.com (www.mptrader.com), a real-time diary of his technical analysis and trading alerts on ETFs covering metals, energy, equity indices, currencies, Treasuries, and specific industries and international regions. Sign up for a Free 15-day trial to Mike's ETF & Stock Trading Diary.

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