Ford Flashes 'Strong Buy'
InTheMoneyStocks.com | Aug 02, 2018 01:08PM ET
Shares of Ford Motor Company (NYSE:F) have been taking a beating as trade-war talk is center stage. Just in the last couple months, Ford is down from over $12 to under $10. While the picture is not pretty, the chart is actually signaling a strong buy. Technical traders are connecting the lows of the daily stock chart starting in late 2016. There is a down-sloping trend line that connects with all lows. Every time the stock price hits this trend line, it jumps sharply higher for weeks or months. Ford is hitting this trend line again, which indicates a strong surge higher in the coming weeks/months. Smart money is buying at $9.95.
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