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Next Support Level for Ford Motor (F) is $13.97

Published on Fri, 01/18/2013 - 10:37
By Robert Cotter

Shares of Ford Motor (NYSE:F) opened today below their pivot of $14.20 and have already 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.

In the past 52 weeks, shares of Ford Motor have traded between a low of $8.82 and a high of $14.30 and are now at $14.05, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 0.3%.

Ford Motor has overhead space with shares priced $14.05, or 7.7% below the average consensus analyst price target of $15.22. The stock should find initial support at its 50-day moving average (MA) of $11.98 and further support at its 200-day MA of $10.68.

Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.

By Robert Cotter