Ford on Cruise Control at 120 MPH (F)

Posted in pre-market 
January 28th, 2010

Ford Motor Co. (NYSE: F) is seeing huge volume after the only remaining public US auto maker posted a full year profit for 2009.  That was unthinkable a year ago.  The shares are only up 2% at $11.80 as of 8:56 AM EST, but we have already seen 11.7 million shares trade hands.  Average volume is $97 million shares and the 52-week range is $1.50 to $12.14.  Keep in minds as far as the $12.00 handle… that price has not been seen since March 2005.

-JON OGG

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