Ford Motor (F) Breaks Through Support at $12.81
Ford Motor (NYSE:F) has opened bearishly below the pivot of $13.01 today and has reached the first level of support at $12.81. Analysts will be watching for a cross of the next downside pivot targets of $12.70 and $12.39.
In the past 52 weeks, Ford Motor share prices have been bracketed by a low of $8.82 and a high of $14.30 and are now at $12.77, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.2%.
Ford Motor has overhead space with shares priced $12.77, or 16.9% below the average consensus analyst price target of $15.38. The stock should find initial support at its 50-day moving average (MA) of $12.42 and further support at its 200-day MA of $10.73.
SmarTrend recommended that subscribers consider buying shares of Ford Motor on September 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.08. Since that recommendation, shares of Ford Motor have risen 28.3%. We continue to monitor F for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts ford motor