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Ford - Bullish divergence - Price target: $10 - $12

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FORD MTR CO DEL (NYSE:F)  
BlueDimeInvestment  
NYSE:F   FORD MTR CO DEL
Trend Analysis FORD ford_motor_company
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trendanalysis ford ford_motor_company
Volkswagen and Ford are revealing more and more about their partnership plans. I think the VW deal will reveal more good news soon.

Ford also announced job cuts and shutting down three plants in Russia. The Russian business has dragged on Ford's profits for years.

I think Ford has bottomed out and is headed for $10+.

First price target: $10.
Second price target: $12.
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