Ford Close to 200 Day Moving Average

Published on Monday, 30 January 2012 09:24 Written by TradersHuddle Staff

New York, January 30th (TradersHuddle.com) - Shares of Ford Motor Company (NYSE:F) traded at $12.21 close to its 200 day moving average currently set at $12.14. Ford's price action is just above this key support level, and it will certainly raise traders attention, as a possible trading opportunity.

Ford Motor Company (NYSE:F) designs, manufactures, and services cars and trucks. The Dearborn, MI based automaker sell its vehicles under the Ford, Mercury and Lincoln brand names. Thorugh its subsidiaries it offers lease and financing as well as auto parts with its Motorcraft brand.

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $10.43 and calculated resistance at $13.05. These levels will certainly be watched by traders, as they provide insight into the latest price dynamics defined by Ford stock.

Traders wanting to establish a position on Ford will be looking at the price action for evidence of buying near the 200 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.