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  1. #1
    Specialist Member RCox's Avatar

    Break of 13.50 Triggers CALLS in Ford !!!

    Ford Motors (F) saw a very positive earnings release this week, as record profits in American markets propelled first quarter results (pre-tax) to $2.1 billion (41 cents per share). This was seen with revenues of $33.9 billion. Consensus estimates called for a result of 37 cents per share. These results, along with the technical picture point to potential upside in the stock if we can see a daily close above 13.50. This area marks the 61.8% Fib retracement of the decline from 14.20, and is also a triple top historical level. An upside break here creates a scenario suitable for daily CALL options in Ford, and targets the old highs at 14.20.

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  2. #2
    Junior Member allanrock's Avatar
    13.50 looks like a resistance level and if don’t see serious break above it in the coming days I think it will not be very suitable for trading weekly puts here for a while.

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