F - breaks above the bull flag

Ford (F) closed +1% to settle @ $12.87. This was broadly in line with the continued rally in the main indexes. Near tern trend looks bullish, with the first target being the 50 day MA @ 13.10. A challenge of the previous high of 14.25 looks very feasible.


Ford, daily

Summary

Suffice to say, Ford makes a second close above the large bull flag, and a move into the 14s looks very reasonable..not least if sp'1550/60 in the next few weeks.

For the serious money, very simple stops at the recent low in the 12s..or 11.75.