Nearest Resistance: $14
Nearest Support: $13
Catalyst: Technical Setup
Ford (F - Get Report) is another one of the most active stocks on the NYSE today, but it's not due to any big news items in particular. The $52 billion car maker is one of a handful of perennial popular trading names. It's worth noting that this stock is seeing pretty substantial call option volume this week, but it's the technical setup in shares that makes Ford worth watching.Ford spent most of the time since last fall rallying hard, only to correct just as hard down to $12 in February. But with shares on the upswing again, the Detroit automaker could be in store for a test of its $14 resistance level. If you're looking for a shorter-term buying opportunity in Ford, I'd say go ahead and jump in; support at $13 offers some decent risk protection from here.
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