Ford (F) Could Take Advantage of Japan Auto Weakness

March 14, 2011 Scott Redler

With Toyota Motor Corporation (TM) under pressure with some other Japanese auto companies, common sense tells me to look at Ford Motor Company (F). The stock has pulled in from $19ish and has been mired in a month and a half long downtrend since its earnings report on January 28th.

I see a small descending channel on the daily chart that I think presents an outstanding risk-reward situation for the active trader. I think you could look to buy around $14.50 and if it holds above, we can get quick cash flow move to $15ish before the ultimate gap fill back to $15.70. Stops would be at $14.20.

Disclosure: Long F

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About Scott Redler 367 Articles

Scott Redler is the Chief Strategic Officer of T3 Live. He develops all trading strategies for the service and acts as the face of T3 Live. Mr. Redler focuses on thorough preparation and discipline as a trader.

Mr. Redler has been trading equities for more than 10 years and has more recently received widespread recognition from the financial community for his insightful, pragmatic approach. He began his career as a broker and venture capitalist where he was able to facilitate relationships that led him into trading. Beginning his trading career at Broadway Trading in 1999, Mr. Redler moved on with Marc Sperling to Sperling Enterprises, LLC after establishing himself as one of the best young traders in the firm. As a manager at Sperling Enterprises, continued to trade actively while working closely with all traders in the firm to dramatically increase performance.

Mr. Redler has participated in more than 30 triathlons and one IronMan, exhibiting a work ethic that also defines his trading. His vast knowledge and meticulous attention to detail has led to regular appearances on CNBC, Fox Business, Bloomberg, and he is a regular contributor to Minyanville and Forbes’ Intelligent Investing blog. He has been quoted in the Wall Street Journal and Investor's Business Daily, among other publications.

Scott received a B.B.A. in Marketing/Finance from the State University of New York at Albany, graduating Magna Cum Laude from Albany's School of Business.

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