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Watch for Shares of Ford Motor Co (F) to Approach Support at $10.92

By James Quinn

Ford Motor Co (NYSE:F) has opened bearishly below the pivot of $11.06 today and has reached the first level of support at $10.99. Should the shares continue to fall, the support pivots of $10.92 and $10.78 will be of interest.

Over the past year, Ford Motor Co has traded in a range of $10.14 to $13.48 and is now at $11.03, 9% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Ford Motor Co (NYSE:F) has potential upside of 10.4% based on a current price of $11.03 and analysts' consensus price target of $12.18. The stock should run into initial resistance at its 50-day moving average (MA) of $11.49 and subsequent resistance at its 200-day MA of $11.67.

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: pivot alerts ford motor co

Ticker(s): F