Ford Motor Company (NYSE:F) Drops Below Support

Ford Motor Company (NYSE:F) stock has dipped beneath support as general negative market sentiment has pressured many large caliber stocks south and have held them low this Tuesday. Ford dipped below the $15.10 price level which was originally set on the 3rd of this month just 49 minutes past noon, Eastern, to $15.08 during today’s trading session. However, shares wasted no time retreating from the broken support level as bearish pressure has subsided since then.

The big blue ‘F’ symbol has (so far,) been unable to recover from heightened expectations imposed on it during the latest round of earnings, and is currently down about $3.50 from the 27th of January, the evening before this bearish slide began. Ford is nearly back into oversold territory on stochastic once again, and was not able to reach overbought on the last upswing. On balance volume continues its long, slow, depleted slide.

Shareholders are undoubtedly hopeful Wednesday’s trading session will usher in bargain shopping investors to turn the curve to a more bullish nature as the next point of support is the 200 SMA.



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