Friday at a glance: Ford Motors rallied 1.89% and maintained $13.51.
Ford Motor Co could be slowing down soon; it is getting close to the resistance line and is now at $14, only 51 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Despite posting gains on Friday, Ford slid below its 50 day Simple Moving Average at $13.3 during the last session — an early indicator that a negative trend could be emerging. Ford Motors's upper Bollinger Band® is at $13.96, this is a slight indication of a slowdown.
Technical analysis suggests there could be an imminent reversal for Ford Motors.
A look at other consumer discretionary stocks also showed bullish price action as Alibaba traded at $69.81 after closing Friday's trading day at $65.21 (up 7.05%). Starbucks traded at $91.86 after closing Friday's trading day at $84.68 (up 8.48%). Nike was up 5.96%.
9 months ago Ford Motors reached a significant high of $25.19 but has consequently lost 47.36% since then.