Thursday, 27 June 2013

F - stronger than the main market

Whilst the main indexes were around 0.5-0.75% higher, Ford (F) was again far stronger, closing +2.4% @ $15.66. Ford has risen $1.30 (9%) from the Monday low, and is now just 2% from breaking the recent high in the low 16s.

Ford, daily


Today was yet another example of how when the market is at least moderately higher, Ford will be leading the way.

Near term trend looks bullish, but like the main market, it is highly vulnerable to one further down cycle in early July.

The mid/long term trend though, is unquestionably still very bullish.