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SmarTrend Watching for Potential Rebound in Shares of Ford Motor Co After 1.55% Loss

By David Diaz

Ford Motor Co (NYSE:F) traded in a range yesterday that spanned from a low of $8.85 to a high of $8.95. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $9.00 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ford Motor Co share prices have moved between a 52-week high of $10.56 and a 52-week low of $7.41 and are now trading 20% above that low price at $8.87 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.04% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Ford Motor Co and will alert subscribers who have F in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ford motor co

Ticker(s): F