We added three high-yielding stocks last month to the Retirement Paycheck portfolio, and they alread...
Ford Positioned to Gain Market Share
03/15/2011 7:01 am EST
Shares of the American automaker may be gearing up for a bullish move, offering an exciting risk/reward opportunity for traders. Here's how one trader is looking to play it.
By Scott Redler of T3Live.com
With Toyota Motor Corporation (TM) under pressure alongside some other Japanese auto companies, common sense tells me to look at Ford Motor Company (F). The stock has pulled in from the $19 area and has been mired in a month-and-a-half long downtrend since its earnings report on January 28.
I see a small descending channel on the daily chart that I think presents an outstanding risk/reward situation for the active trader. I think you could look to buy around $14.50, and if it holds above, we can get a quick cash flow move to around $15 before the ultimate gap fill back to $15.70. Stops would be at $14.20.
The stock also recently bounced in the area of the 200-day moving average, which bodes well for the price action.
By Scott Redler, trader, T3Live.com
Related Articles on STOCKS
When Blackberry (BB) was initially bought in our portfolio in 2013, some reckoned we were taking on ...
I don’t have any idea where the stock market will go over the short term. But I do know that i...
Stefanie Kammerman, The Stock Whisperer, to tell you the Whisper of the Week: FCX, IAU, F in my week...