But can Ford shoot up even higher above $12 a share? With doing some research, I am convinced that Ford could still provide more profits for investors.
Ford has made an incredible turnaround in the operating profits. In 4th quarter 2008, Ford generated negative $2.7 billion in operating profits. But in 4th quarter 2009, the operating profit was $2.1 billion. Believe it or not, this is just the beginning for Ford as it continues to gain momentum into 2010 and beyond. Consider these positive news on Ford:
* Ford has already received 8000+ reservations and 2500 orders for 2011 Fiesta, which they have not even started to produce in North America yet.
* Ford has now gained market shares in 17 of the last 18 months
* Ford’s credit rating has been raised
* Ford won both Car of the Year and Truck of the Year, which represents only the 3rd time in 17 years that one car maker has taken both awards.
Six month chart shows there is a strong upward support line where the current price meets. This shows that it could be the prime time to buy Ford as it tests its support level. If the support level holds for Ford, then Ford should start moving higher soon and test its recent high at $14 range.
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