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Possible Bearish Inside Day Candle Pattern Detected for Ford Motor Co (NYSE:F)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ford Motor Co (NYSE:F) based on the price action in the company's shares. Today's price range of $8.94 and $8.98 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Ford Motor Co may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.

In the past 52 weeks, shares of Ford Motor Co have traded between a low of $7.41 and a high of $10.56 and are now at $8.95, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Ford Motor Co (NYSE:F) has potential upside of 36.0% based on a current price of $8.95 and analysts' consensus price target of $12.18. The stock should find resistance at its 200-day moving average (MA) of $9.34, as well as support at its 50-day MA of $8.92.

SmarTrend is tracking the current trend status for Ford Motor Co and will alert subscribers who have F in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle ford motor co

Ticker(s): F