F - cruising higher

With the main indexes climbing into the weekend, Ford (F) was no exception, settling +1.6% @ $16.70. This was the seventh daily gain out of the last nine trading days, and it has taken Ford comfortably above the early June high. Next target are the low $18s.


Ford, daily

Summary

Ford is very much still generally following the trend of the main equity indexes, but is certainly excelling above the average stock.

Ford is now only $1.40 (8%) from breaking the highs of early 2011.

It is arguably a clear warning to those equity bears seeking some form of autumnal collapse. If Ford can put in a monthly close in the $20s this year..and that might lead to the 30s....spring 2014?