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Ford Motor (F) Breaks Through Support at $11.19

By Amy Schwartz

Ford Motor (NYSE:F) has opened bearishly below the pivot of $11.23 today and has reached the first level of support at $11.19. Should the shares continue to fall, the support pivots of $11.13 and $11.03 will be of interest.

Ford Motor (NYSE:F) has potential upside of 21.1% based on a current price of $11.14 and analysts' consensus price target of $13.49. 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.

Over the past year, Ford Motor has traded in a range of $10.44 to $15.88 and is now at $11.14, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ford Motor on March 23rd, 2017 by issuing a Downtrend alert when the shares were trading at $11.63. Since that call, shares of Ford Motor have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts ford motor

Ticker(s): F