Ford Motor Company (F) – stock is trading around $9.29 dollars as of October, 21, 2019 and offering a possible buying price between $9.29 – $9.75. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a bearish 200 & 50 day moving average cross over back in June 2018 and was in a long down trend after that.
3. The sell-off finally bottomed out back in this April and the stock started to rally, as it staged a bullish cross over, as it’s 50 DMA took over the 200 DMA.
4. The rally didn’t long last for very long and the 200 DMA took over the 50 DMA, as the rally collapsed.
5. However, the stock rallied last couple of weeks and regained back the 50 and 200 DMAs. The 50 DMA yet to take over the 200 DMA, though.
6. The stock is offering possible buying price between $9.29 – $9.75, with a stop loss at $8.55.
This stock is already part of the Stocks Under 10 Dollars pick and performance will be tracked here .
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