Watch for Shares of Ford Motor (F) to Approach Support at $13.97
Ford Motor (NYSE:F) has opened bearishly below the pivot of $14.20 today and has reached the first level of support at $14.09. Investors may be interested in a cross of the next downside pivot targets of $13.97 and $13.74.
There is potential upside of 7.9% for shares of Ford Motor based on a current price of $14.10 and an average consensus analyst price target of $15.22. The stock should discover initial support at its 50-day moving average (MA) of $11.98 and subsequent support at its 200-day MA of $10.68.
Over the past year, Ford Motor has traded in a range of $8.82 to $14.30 and is now at $14.10, 60% above that low. The 200-day and 50-day moving averages have moved 0.34% higher and 2.03% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Ford Motor on September 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.08. Since that recommendation, shares of Ford Motor have risen 41.1%. We continue to monitor F for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts ford motor