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Ford Motor Co (F) Approaches New Upside Target of $11.46

By Nick Russo

Shares of Ford Motor Co (NYSE:F) have bullishly opened above the pivot of $11.30 today and have reached the first resistance level of $11.37. Should the shares continue to rise, the resistance pivots of $11.46 and $11.62 will be of interest.

Ford Motor Co has overhead space with shares priced $11.29, or 7.5% below the average consensus analyst price target of $12.20. The stock should find initial resistance at its 50-day moving average (MA) of $13.24 and further resistance at its 200-day MA of $13.67.

In the past 52 weeks, Ford Motor Co share prices have been bracketed by a low of $10.14 and a high of $14.04 and are now at $11.29, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

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: pivot alerts ford motor co

Ticker(s): F