Ford Stock Hits 7-Month High After Strong Sales Numbers—Watch These Key Price Levels
Key Takeaways
- Ford shares jumped Tuesday after the automaker reported a 14% increase in U.S. sales in the second quarter.
- The price broke out from an ascending triangle on above-average volume, a chart pattern that signals a continuation of the stock’s recent uptrend.
- Investors should watch major overhead levels on Ford’s chart around $11.50, $13 and $13.60, while also monitoring a crucial support level near $10.30.
Ford (F) shares jumped Tuesday after the automaker reported a big jump in U.S. sales and an increase in market share in the second quarter.
The company said that sales rose 14.2% in the second quarter versus a year ago, as demand for pickup trucks and SUVs surged. Ford estimated that its market share grew 1.8…
