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Ford Motor (F) Breaks Through Support at $12.37

By James Quinn

Shares of Ford Motor (NYSE:F) opened today below their pivot of $12.56 and have already reached the first level of support at $12.37. Analysts will be watching for a cross of the next downside pivot targets of $12.27 and $11.98.

Potential upside of 8.8% exists for Ford Motor, based on a current level of $12.40 and analysts' average consensus price target of $13.49. The stock should run into initial resistance at its 50-day moving average (MA) of $13.24 and subsequent resistance at its 200-day MA of $13.67.

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 $12.40, 19% above that low price. 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 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.

Keywords: pivot alerts ford motor

Ticker(s): F