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Monthly Chart(from 1995) |
Ford : During the global market crash, it went to the
lowest at USD1.01 on 20NOV 2008. Then, it continues to be BULLISH and broken a strong resistance at USD16 to move to a
peak at nearing USD19. Then, it reversed and dropped to USD10 recently. Rebounded back to USD11+ now, is it a buy? We may see short-term rebounds after the sell-down ... we may NOT see USD1 level anymore? Not only during that low global market crashed, GM pulled the whole auto-stocks to their lows. Remember GM?
Taken from google-finance, its PE is 6.60, beta 2.4 and inst own 57%. A good stock to trade, indeed.