Breakout In Ford (F)

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By Mike Paulenoff | Published 12/16/2009 | Stocks | Unrated

Breakout In Ford (F)

Ford (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 a 26-year veteran of the financial markets and author of MPTrader.com.

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