In the Zone

 Ford Motor Company

In the Zone this week is Ford Motor Company in which trades on the New York Stock Exchange under stock symbol F

 

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. 

 

It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. 

 

The Mobility segment designs and builds mobility services; and provides self-driving systems development and vehicle integration, autonomous vehicle research and engineering, and autonomous vehicle transportation-as-a-service network development services.

 

The company also has all new Ford hybrid and electric vehicles that feature advanced fuel-saving technology. Whether they’re operating in electric mode, gas mode or a combination of both, these vehicles optimize efficiency and simplicity. 

The plug-in hybrid vehicles can be recharged in under three hours using a 240-volt outlet. And now, there’s an all-electric SUV in the family as well as the Mustang Mach-E. Ford offers the largest public charging stations network in North America with over 13,500 and growing. 

 

If you have a look at a stock chart of Ford Motor Company you will notice that this stock has been on a decline since 2014 and is poised to move higher to the upside. The stock recently came from a price low of $3.96 in April of 2020 and is up currently 190.66% since then. 

 

What I am looking for going forward is a breakout in price above its 2014 closing price high of $12.42 in order for this stock to advance higher to the upside. 

 

At the close of trading in the market to end the week the stock ended the session trading at $11.51 up $0.14 or +1.23% on heavier than average trading volume of 113.4 million. The average daily volume for the company is 86.02 million.

 

Going forward please set your price alerts and keep this stock on your watch list for a price advance to the upside above $12.42.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.