POSSIBLE HEAD&SHOULDER PATTERN , IF IT WORKS IT MAY FILL UP THE GAP BETWEEN @21.64 & @23.01
GREAT TRADING STOCK, EARNINGS BEAT THE STREET ESTIMATES 0.9 VS 0.6
LOW OIL PRICE IS HUGE PLUS FOR GT ON COST BASES PLUS BECAUSE OF LOW OIL PRICE PEOPLE ARE DRIVING MORE OFTEN AND NEED TO REPLACE THEIR TIRES. ALSO IMPROVING ECONOMY HELPS CAR MAKERS TO SELL MORE CARS AND EVERY VEHICLE HAS AT LEAST 4 TIRES :))
Q4 2014 result was 0.9 vs 0.6 today, there was no actual reason to fall this much other than price target cut from $19 to $16. More than 100% up from current price. Excellent trading stock.
Put it in your watch list. if it breaks out $71.88 could be a monster.
Because of low gas price F is selling F150 trucks in record number and Best truck of the year was F150 again, I have no position but considering buying it. Chart is prediction of possible head&shoulder pattern , we will see if it works.