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Watch for Ford Motor Co to Potentially Rebound After Falling 1.36% Yesterday

By David Diaz

Ford Motor Co (NYSE:F) traded in a range yesterday that spanned from a low of $9.72 to a high of $9.91. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $9.90 on volume of 23.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Ford Motor Co on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $10.87. Since that call, shares of Ford Motor Co have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Ford Motor Cohas traded in a range of $9.72 to $13.48 and are now at $9.78. The 200-day and 50-day moving averages have moved 0.37% lower and 1.08% lower over the past week, respectively.

Keywords: rebounders ford motor co

Ticker(s): F