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Ford Motor Shares Top $11 for New 52-Week High

Submitted by WSN_Staff on Tue, 01/05/2010 - 14:57.
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Ford

Ford Motor (NYSE:F) is firing on all cylinders, its stock is up 7% and hit a new 52-week high of $11.24 after reporting incredible sales and a solid outlook.

Ford's sales were up 33% in December, as financing in the North American market firmed up substantially.  Ford also announced that their sales in China are up 61.4% year over year.

Ford Motor (F) shares have been an incredible investment, in the last 12 months shares have rallied 327% and its chart is a thing of beauty.  Ford Motor is currently above its 50-day moving average of $9.26 and above its 200-day moving average of $7.63.  The momentum keeps moving for Ford Motor shares, at this point you'd be crazy to go short. 

Currently Ford Motor's short interest is a tiny 4.38, congrats Ford longs.

 

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