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Ford Motor Set to Possibly Rebound After Yesterday's Selloff of 1.30%

By James Quinn

Ford Motor (NYSE:F) traded in a range yesterday that spanned from a low of $12.31 to a high of $12.49. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $12.45 on volume of 21.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ford Motor share prices have moved between a 52-week high of $15.88 and a 52-week low of $10.44 and are now trading 18% above that low price at $12.32 per share. 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: rebounders ford motor

Ticker(s): F