Monday, April 21, 2008

Ford Stock - Take Action!

After an extremely powerful 57% rally in Ford stock, it begins to send a message that it is getting tired and needs to consolidate these gains.

A typical consolidation of 50% of the advance should be the norm so the prudent action at this point is to take these profits and await another buying opportunity.

More impressive than the 57% advance in the stock price is the technical confirmation that $4.95 is the secular low for the stock and from here we should see a very impressive advance in the stock price with a potential $15-$16 target for 2008 alone.

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