Ford Daily Bull Flag Signals Possible Profits
Ford Motor Company (NYSE:F) continues to consolidate off the lows hit weeks ago. After hammering into the 200 moving average on the daily chart multiple times, Ford jumped higher on March 24th, 2011. That move took the stock well off the 200 moving average and started a bullish consolidation pattern known as a bull flag. This pattern has a solid probability of profit on the long side if played correctly.