SmarTrend Watching for Potential Pullback in Shares of Ford Motor After 1.09% Gain
Ford Motor (NYSE:F) traded in a range yesterday that spanned from a low of $11.88 to a high of $12.02. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $12.00 on volume of 12.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Ford Motor have traded between a low of $10.44 and a high of $15.88 and are now at $12.01, which is 15% 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 recommended that its subscribers protect gains by selling shares of Ford Motor on August 1st, 2016 by issuing a Downtrend alert when the shares were trading at $12.51. Since that call, shares of Ford Motor have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders ford motor