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Watch for Shares of Ford Motor Co (F) to Approach Resistance at $10.95

By Shiri Gupta

Ford Motor Co (NYSE:F) has opened bullishly above the pivot of $10.78 today and has reached the first level of resistance at $10.88. Analysts will be watching for a cross of the next upside pivot targets of $10.95 and $11.12.

Ford Motor Co share prices have moved between a 52-week high of $14.04 and a 52-week low of $10.14 and are now trading 8% above that low price at $10.93 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%.

Potential upside of 11.7% exists for Ford Motor Co, based on a current level of $10.93 and analysts' average consensus price target of $12.20. Ford Motor Co shares should first meet resistance at the 50-day moving average (MA) of $13.24 and find additional resistance at the 200-day MA of $13.67.

SmarTrend recommended that its subscribers protect gains by selling shares of Ford Motor Co on January 29th, 2018 by issuing a Downtrend alert when the shares were trading at $11.29. Since that call, shares of Ford Motor Co have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts ford motor co

Ticker(s): F