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Next Support Level for Ford Motor (F) is $12.37
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Shares of Ford Motor (NYSE:F) opened today below their pivot of $12.60 and have already reached the first level of support at $12.46. Should the shares continue to fall, the support pivots of $12.37 and $12.14 will be of interest.
In the past 52 weeks, shares of Ford Motor have traded between a low of $9.05 and a high of $16.39 and are now at $12.52, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 1.23% higher over the past week, respectively.
Ford Motor (NYSE:F) has potential upside of 25.6% based on a current price of $12.52 and analysts' consensus price target of $15.72. The stock should discover initial support at its 200-day moving average (MA) of $12.00 and subsequent support at its 50-day MA of $11.62.
SmarTrend recommended that subscribers consider buying shares of Ford Motor on January 4th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.30. Since that recommendation, shares of Ford Motor have risen 11.0%. We continue to monitor F for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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