Whilst the main market saw some minor chop, Ford (F) climbed higher for the seventh consecutive day, settling +0.2% @ $16.73. Near term outlook remains moderately bullish, but there is obvious resistance in the mid $17s. Any daily close in the 18s..will open up a further move into the low 20s.
It would seem the recent break under the 200 day MA - on rumours the CEO, Mulally would leave, was a simple over-reaction.
Relative to the main market, Ford remains greatly undervalued, with a PE of just 11.
see key stats @ yahoo! finance
A real company
Ford is one of those companies that actually produces a real product..that has real use to the general populace, and one that I continue to have high confidence in. Whilst companies like AMZN, and TWTR are loss making, Ford has one of the greatest corporate histories in America, and there is no doubt it will outlive many most of the hysteria-surrounded/momo stocks.
*Next earnings: Jan'28...and after the recent price weakness, it will be fascinating to see if Ford is trading in the low 20s next month.