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Recent 52-Week Low Surpassed in Shares of Ford Motor Co (F)

By Nick Russo

Shares of Ford Motor Co (NYSE:F) traded today at $9.77, breaking its 52-week low. Approximately 10.3 million shares have changed hands today, as compared to an average 30-day volume of 38.2 million shares.

Potential upside of 24.6% exists for Ford Motor Co, based on a current level of $9.77 and analysts' average consensus price target of $12.18. The stock should run into initial resistance at its 50-day moving average (MA) of $11.08 and subsequent resistance at its 200-day MA of $11.48.

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

Ford Motor Co share prices have moved between a 52-week high of $13.48 and the current low of $9.77 and are currently at $9.77 per share. The 200-day and 50-day moving averages have moved 0.37% lower and 1.08% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ford Motor Co on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $10.87. Since that call, shares of Ford Motor Co have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ford motor co

Ticker(s): F