After Yesterday's Rally of 1.44% Shares Could Potentially Pullback
Ford Motor (NYSE:F) traded in a range yesterday that spanned from a low of $13.18 to a high of $13.40. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $13.32 on volume of 11.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Ford Motor share prices have been bracketed by a low of $10.44 and a high of $15.88 and are now at $13.33, 28% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 0.69% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Ford Motor and will alert subscribers who have F in their portfolio or watchlist when shares have changed trend direction.
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