There are times when you just can't ignore a bargain and right now Ford (F) is getting to be more of a bargain as each hour passes. Don't just buy it, have a plan as to the proper time to buy it. Let's look at the numbers and see when you should press the buy button. First look at the chart of the price momentum:
The stock is still going down so don't buy just yet.
- When a great stock has nothing but sell signals that is usually a good time to have a plan to purchase at a bargain
- Barchart 100% overall technical sell signal
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 42% off its 52 week high
- 14 new lows and off 23.77% in just the last month
- Relative Strength Index is 23.77% and still falling
- Barchart calculates a support level at 9.89
- Closed Friday at 10.89 which is below its 50 day moving average of 13.26
Summary: This is a global stock that recently formed a sales agreement with the Russian based Solles group that should assure new sales in Eastern Europe. The company looks for increased sales and earnings and if the stock return to normal P/E ratios long term investors could see a 15% - 17% total annual return over the next 5 years.
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