After gapping higher in late April on meaningful volume, the shares of FORD MOTOR CO - NYSE:F have been consolidating and in the process, building-out its right side as is evidenced in the Daily chart above.
In addition, we can also observe that F presently trades above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
However, and perhaps most importantly, F is now rapidly approaching a potential key inflection point and may just be gearing-up for a move into higher ground.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if F can go topside of the $10.55 figure and 'stick', we may just witness a rapid move into the $12 - $12.50 zone moving forward.
Therefore, you may want to put the shares of F front-and-center on your radars as the stock is presently knocking on the door seeking further potential upside.
In addition, we can also observe that F presently trades above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
However, and perhaps most importantly, F is now rapidly approaching a potential key inflection point and may just be gearing-up for a move into higher ground.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if F can go topside of the $10.55 figure and 'stick', we may just witness a rapid move into the $12 - $12.50 zone moving forward.
Therefore, you may want to put the shares of F front-and-center on your radars as the stock is presently knocking on the door seeking further potential upside.
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/